Overview

• Wealthfront submitted confidential paperwork for a US initial public offering in June without disclosing share count or price range.
• By April the digital wealth manager had amassed over $80 billion in client assets and was valued at $1.4 billion when its planned UBS acquisition was called off in 2022.
• Chime, Circle and eToro have posted hefty first-day gains this year, reigniting investor appetite for fintech stocks after a period of muted activity.
• Recent rollbacks of Consumer Financial Protection Bureau rules and improved market sentiment have encouraged new public listings among digital banks and payment platforms.
• The platform’s automated investing tools, savings accounts and low-cost loans have resonated with younger customers, with more than half of Generation Z favoring nontraditional financial services.