NerdWallet Inc (NRDS) -- Channel checks just completed, are cu | SPAC сигналы

NerdWallet Inc (NRDS) -- Channel checks just completed, are currently revealing, according to guidance that the deal remains multiple-times oversubscribed with a couple of large anchor orders in the book. The books are closed. The underwriters are employing a direct entry order system on this IPO and we are told that there is "price sensitivity at the high-end of the $17-$19 range". We would "believe" that this means a mid-point pricing is "likely". The comp-set would also include CarGurus Inc (CARG) and TripAdvisor (TRIP) as well as Credit Karma which was acquired by Intuit for what would be a higher multiple than where NerdWallet could "likely" price at. We believe there is a positive risk-reward profile associated with this offering at this time but would urge investors to exercise caution surrounding this deal given the underperformance of recent IPOs. Rating = 3.