- American personal finance company NerdWallet Inc (NASDAQ:NRDS) disclosed its U.S. initial public offering plans. The company did not disclose details about the terms of the offering.
- NerdWallet’s revenue for the six months ended June 30 rose 32.3% year-on-year to $181.6 million.
- NerdWallet could seek a valuation of up to $5 billion, Reuters reports.
- NerdWallet confidentially submitted paperwork with the SEC for the IPO in May, the report added.
- NerdWallet aims for a Nasdaq listing under the symbol “NRDS.”
- NerdWallet had made some acquisitions last year, including Fundera, Inc. in October 2020, and Notice Media Ltd. (doing business as Know Your Money) in September last year.
Baird Downgrades Beacon Roofing Supply to Neutral, Lowers Price Target to $65
Baird analyst David Manthey downgrades Beacon Roofing Supply (NASDAQ:BECN) from Outperform to Neutral and lowers the price target from $77 to $65.
