{"id":21283,"date":"2025-09-30T10:01:18","date_gmt":"2025-09-30T10:01:18","guid":{"rendered":"https:\/\/finderica.com\/?p=21283"},"modified":"2025-09-30T10:01:18","modified_gmt":"2025-09-30T10:01:18","slug":"wealthfront-files-for-ipo-joining-wave-of-fintechs-going-public","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=21283","title":{"rendered":"Wealthfront files for IPO, joining wave of fintechs going public"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-105823073\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Wealthfront app.<\/p>\n<p>Source: Wealthfront<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><a href=\"https:\/\/www.wealthfront.com\/\" target=\"_blank\" rel=\"noopener\">Wealthfront<\/a>, the startup that helped popularize the robo-advisor style of automated investing, filed for a U.S. initial public offering Monday, making it the latest in a wave of fintech firms going public this year including <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">Chime<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\">Klarna<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>.<\/p>\n<p>The company <a href=\"https:\/\/www.prnewswire.com\/news-releases\/wealthfront-announces-confidential-submission-of-draft-registration-statement-to-sec-for-proposed-initial-public-offering-302487472.html\" target=\"_blank\" rel=\"noopener\">in June<\/a> filed confidentially for an IPO, but waited until now to make that filing public. That signals that Wealthfront is planning on kicking off its roadshow to pitch shares to investors; an IPO typically follows weeks after the S-1 filing is made public. The company intends to list on Nasdaq under the ticker symbol &#8220;WLTH.&#8221;<\/p>\n<p>Wealthfront, led by CEO David Fortunato, had $88.2 billion in assets on its platform and served 1.3 million customers as of July 31, according to the filing. It generated $194.4 million in net income on $308.9 million in revenue during in fiscal 2025 which ended on Jan. 31, per the filing.<\/p>\n<p>&#8220;Our clients are primarily digital-native high earners who prioritize savings and wealth accumulation,&#8221; the company said. &#8220;Digital natives typically have large liquid savings with long time horizons ahead, and they are undeterred by corrections and bear markets.&#8221;<\/p>\n<p>The company, founded in 2008, has had a long and winding journey to the public markets.<\/p>\n<p>Along with rival Betterment, Wealthfront helped define the robo-advisor category, which uses algorithms to automate investment decisions for customers.<\/p>\n<p>Within years, big banks including <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\">Morgan Stanley<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-7\">Bank of America<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> unveiled their own robo offerings to complement their large armies of human financial advisors.<\/p>\n<p>In 2022, the Zurich-based global bank UBS <a href=\"https:\/\/www.businesswire.com\/news\/home\/20220126005678\/en\/UBS-Agrees-to-Acquire-Wealthfront-to-Deliver-Digital-Wealth-Management-Offering-to-Millennial-and-Gen-Z-Affluent-Investors\" target=\"_blank\" rel=\"noopener\">said<\/a> it was buying Wealthfront for $1.4 billion in cash, but the deal collapsed as the market turned suddenly skeptical on fintech firms amid rising interest rates.<\/p>\n<p>It&#8217;s taken years for the market for fintechs to recover, leading to a rebound in listings this year.<\/p>\n<p>Founded in 2007 and based in Palo Alto, California, Wealthfront employed 359 people as of July 31, according to the filing.<\/p>\n<p><em>\u2014\u00a0CNBC&#8217;s Jordan Novet contributed to this report.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/09\/29\/wealthfront-fintech-ipo-filing.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wealthfront app. Source: Wealthfront Wealthfront, the startup that helped popularize the robo-advisor style of automated investing, filed for a U.S. initial public offering Monday, making it the latest in a wave of fintech firms going public this year including Chime and Klarna. The company in June filed confidentially for an IPO, but waited until now<\/p>\n","protected":false},"author":1,"featured_media":21284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[1672,2026,2716,6172,650,559,7009],"class_list":{"0":"post-21283","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-files","9":"tag-fintechs","10":"tag-ipo","11":"tag-joining","12":"tag-public","13":"tag-wave","14":"tag-wealthfront"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21283"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/21283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/21284"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}