Personal finance firm NerdWallet reveals jump in revenue in IPO filing


Oct 8 (Reuters) – NerdWallet Inc on Friday made public its paperwork for a U.S. initial public offering that showed a more than 32% jump in revenue for the consumer financial advice website.

The San Francisco-based company did not share terms for the offering, but two sources close to the matter said in May it could seek a valuation of up to $5 billion.

The IPO follows a flurry of financial technology companies that have listed their shares in New York this year, such as buy-now-pay-later firm Affirm Holdings Inc (AFRM.O), online brokerage Robinhood Markets Inc (HOOD.O) and cryptocurrency exchange Coinbase Global Inc (COIN.O).

NerdWallet confidentially submitted paperwork with the Securities and Exchange Commission for the IPO in May, Reuters had reported, citing people familiar with the matter.

The company was founded in 2009 by former hedge fund executive Tim Chen and Jake Gibson, a former trader at JPMorgan Chase & Co (JPM.N). It provides financial…

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