Financial technology platform Wealthfront has filed for an initial public offering, as the sector sees a burst of IPO activity.
The company will be listed on the Nasdaq under the ticker symbol “WLTH”. Wealthfront was founded in 2008 and offers automated portfolios of stocks and bonds.
“We were among the first digital-only financial solutions platforms, and we pioneered using automation to offer low-cost diversified portfolios,” Wealthfront wrote in a Securities and Exchange Commission filing.
“Our clients are primarily digital-native high earners who prioritise savings and wealth accumulation,” wrote Wealthfront. “As of July 31, 2025, we had over 1.3 million funded clients, and $88.2 billion in platform assets.”
Wealthfront has not yet determined the number of shares it will offer and their price range, the company said.
Goldman Sachs and JP Morgan will act as lead book-running managers. Citigroup, Wells Fargo Securities, and RBC Capital Markets will also join as active book-running managers.
The platform reported $194.45 million in net income in the fiscal year to 31 January, up from $76.97 million year-over-year. Total revenue was $308.86 million, rising from $216.71 million.
Its last funding round was in 2022, where it raised $69.7 million at a valuation of $1.4 billion. UBS had aimed to acquire Wealthfront that year, though the two companies later mutually agreed to end the potential merger.
Financial technology platforms Klarna and Chime also launched IPOs in September and June, with shares soaring in their first days of trading. Both companies are now trading below their IPO price, however.
IPO activity began rebounding in 2024, and is set to continue increasing in 2025’s second half. New U.S. issuances were up 7% year-over-year in 2025’s first half, according to Morgan Stanley.
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