2 Min Read
FILE PHOTO: Stock Exchange is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid/File Photo
(Reuters) - NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.
NerdWallet has hired a group of investment banks, led by Morgan Stanley, to arrange the IPO and is aiming to go public before the end of the year, the sources said. The San Francisco-based company could seek a valuation of as much as $5 billion, two of the sources added.
TechnologyEXCLUSIVE Personal finance startup NerdWallet files for U.S. IPO -sources
Anirban SenDavid French
An undated handout image of the NerdWallet mobile app. NerdWallet/Handout via REUTERS
NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.
NerdWallet has hired a group of investment banks, led by Morgan Stanley (MS.N), to arrange the IPO and is aiming to go public before the end of the year, the sources said. The San Francisco-based company could seek a valuation of as much as $5 billion, two of the sources added.
2 Min Read
FILE PHOTO: Stock Exchange is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid/File Photo
(Reuters) - NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.
NerdWallet has hired a group of investment banks, led by Morgan Stanley, to arrange the IPO and is aiming to go public before the end of the year, the sources said. The San Francisco-based company could seek a valuation of as much as $5 billion, two of the sources added.
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The demand for sports cards surged during the COVID-19 pandemic and has continued into 2021, making it hard for retailers to keep up with demand.
One of the largest American retailers is halting in-store purchasing.
What Happened: Retailer
Target Corp (NYSE: TGT) will halt the sale of trading cards and Pokemon cards for the safety of its guests and team members.
“Out of an abundance of caution, we’ve decided to temporarily suspend the sale of MLB, NFL, NBA and Pokemon trading cards within our stores, effective May 14. Guests can continue to shop these cards online at Target.com,” Target said in a statement to Sports Card Investor.