IPO
NerdWallet S-1 breakdown: Revenues grow alongside marketing dollars
October 8, 2021
Personal finance company NerdWallet has filed for an initial public offering, revealing revenue that grew 32.3% year-over-year in the first half of 2021, reaching $181.6 million.
The company has not released a target range for its share price, but it is seeking a $5 billion valuation, according to reports. NerdWallet was valued at $669 million in 2015 and has raised an estimated $159.8 million from private investors, according to PitchBook data.
Credit Karma, a close competitor to NerdWallet, was acquired by Intuit in a $7.1 billion cash and stock deal in 2020, which was about 7.3 times its 2019 revenue.
Founded in 2009, NerdWallet began as a credit card comparison website and was bootstrapped for many years. The company makes money through referral revenue paid by financial service providers that are featured on its site.
Here are five takeaways from the company's IPO filing.
Featured image courtesy of NerdWallet
The company has not released a target range for its share price, but it is seeking a $5 billion valuation, according to reports. NerdWallet was valued at $669 million in 2015 and has raised an estimated $159.8 million from private investors, according to PitchBook data.
Credit Karma, a close competitor to NerdWallet, was acquired by Intuit in a $7.1 billion cash and stock deal in 2020, which was about 7.3 times its 2019 revenue.
Founded in 2009, NerdWallet began as a credit card comparison website and was bootstrapped for many years. The company makes money through referral revenue paid by financial service providers that are featured on its site.
Here are five takeaways from the company's IPO filing.
Featured image courtesy of NerdWallet
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