Overview
- Wealthfront sold 34,615,384 shares at $14 each, with 21,468,038 new shares and 13,147,346 from existing stockholders.
- Only the primary shares deliver proceeds to the company, and underwriters have a 30‑day option to buy up to 5,192,308 additional shares.
- Shares are slated to begin trading on the Nasdaq Global Select Market on December 12 under the ticker WLTH, with closing expected December 15 subject to customary conditions.
- Coverage reports the sale raises about $486 million and implies a roughly $2 billion valuation.
- Filings and reporting highlight recent results of $339 million in revenue and $123 million in net income, heavy reliance on net interest income, and expansion into home lending and portfolio‑backed credit.