Overview
- The offering priced 34.6 million shares at $14 to raise about $485–486 million, implying a valuation near $2 billion.
- The deal combined 21,468,038 newly issued shares with 13,147,346 sold by existing holders, with Wealthfront not receiving proceeds from the secondary sales.
- Trading under ticker WLTH, shares opened below the offer price before recovering to end roughly flat, leaving the company valued around $2.0–$2.1 billion.
- Regulatory filings cite roughly $88–90 billion in assets under management, about $339 million in revenue, and $123 million in net income for the year ended July 31, 2025.
- The company is broadening beyond automated investing into high‑yield cash accounts, mortgages and portfolio‑backed credit, with the IPO set to close December 15 and a 30‑day underwriter option available.