Reuters first to report personal finance startup NerdWallet files for U.S. IPO

Reuters was first to report that consumer financial advice website NerdWallet Inc has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO). The company is aiming to go public before the end of the year, according to sources, and could seek a valuation of as much as $5 billion. Several high-profile financial technology companies have gone public in the last six months, while others are preparing to do so later this year.