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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.
In its ongoing case against Apple Inc, "Fortnite" creator Epic Games is counting on this week's testimony from its star expert witness David Evans, chairman of Global Economics Group, to make its case that Apple is an anticompetitive monopolist over app developers.
U.S. stock index futures slipped on Wednesday as investors cautiously awaited inflation data that could force the Federal Reserve to reconsider its ultra-loose monetary policy.
By Reuters Staff
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TOKYO, May 6 (Reuters) - Japan’s Nintendo Co Ltd on Thursday forecast Switch console sales to reach 25.5 million units in the financial year that started April 1, signalling expectations of the hit device peaking.
Nintendo sold 28.8 million Switch consoles in the year ended March 31. That compared with the 26.5 million that the games maker forecast in February.
Reporting by Sam Nussey; Editing by Christopher Cushing