Automated digital wealth management firm Wealthfront is seeking to raise up to $485 million in its initial public offering in the United States, the company announced Tuesday.
Wealthfront plans to offer 34,615,384 shares to the public at a price range of $12.00 to $14.00 per share. The offering includes 21,468,038 shares from Wealthfront and 13,147,346 shares from existing stockholders, with the company not receiving proceeds from shares sold by existing stockholders.
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The fintech platform has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol "WLTH" and will grant underwriters a 30-day option to purchase up to 5,192,308 additional shares.
Goldman Sachs and J.P. Morgan are serving as lead book-running managers for the proposed offering. Citigroup, Wells Fargo Securities, and RBC Capital Markets are acting as active book-running managers, while Citizens Capital Markets, Keefe, Bruyette & Woods, and KeyBanc Capital Markets are functioning as co-managers.
Founded in 2008, Wealthfront provides a platform offering financial products across various risk levels through web and mobile channels. Its services include cash management, investment advisory services, borrowing and lending solutions, and financial planning tools.
The company focuses on younger clients, particularly Millennials and Gen Z. As of July 31, 2025, the average client assets on the platform stood at $67,000, with 180,000 clients holding more than $100,000 in assets and over 10,000 clients with assets exceeding $1 million.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Wealthfront has integrated artificial intelligence into its financial-planning software. UBS Group AG previously attempted to acquire Wealthfront to expand its high-income client base but abandoned the deal in 2022.
The company reported 43% revenue growth in fiscal year 2025 and 20% growth in the first six months of fiscal 2026. Its EBIT margin was -36% in fiscal 2024, improving to 45% in fiscal 2025 and 42% for the first six months of fiscal 2026.
