November 04, 2021
NerdWallet, Inc. has announced the pricing of its initial public offering of 7,250,000 shares of its Class A common stock at a price to the public of US$18 per share. In addition, NerdWallet has granted the underwriters an option to purchase up to an additional 1,087,500 shares of its Class A common stock. The shares began trading on The Nasdaq Global Market on November 4, 2021 under the ticker symbol "NRDS." The offering is expected to close on November 8, 2021, subject to the satisfaction of customary closing conditions.
Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by Bay Area partners Rick Kline and Sarah Axtell, with Bay Area associates Reena Sahota, Heather Durham, and Tyler Israel. Advice was also provided on benefits & compensation matters by Bay Area partner Ashley Wagner; on tax matters by Bay Area partner Grace Lee, with Bay Area associate Derek Berry; on anti-corruption matters by Washington, D.C. counsel Timothy McCarten; on economic sanctions matters by Washington, D.C. partner Les Carnegie, with Washington, D.C. associate Elizabeth Annis and Boston associate Matthew Crawford; on data & technology transactions matters by Bay Area partner JD Marple and Los Angeles counsel Hui (Jia Jia) Huang, with Los Angeles associate Ning Heather Lui; and on data privacy & security matters by London partner Fiona Maclean and Bay Area counsel Robert Blamires, with Boston associate Kiara Vaughn and London associate Oscar Bjartell.