Wealthfront files for US IPO with details pending, reflecting overall trend in fintech offerings.

From Yahoo Finance: 2025-06-24 10:08:00

Wealthfront, a digital wealth management company, has filed confidentially for a US IPO, with details like share numbers and price range still undecided. The IPO hinges on SEC approval and market conditions, reflecting a broader trend of fintech firms going public.

Following Chime Financial’s $864m IPO, Wealthfront’s IPO move signifies a resurgence in fintech public offerings. Klarna Group and Plaid also intend to go public, aligning with the industry’s shift towards more accessible investment opportunities.

Wealthfront, based in Palo Alto, California, caters to young professionals seeking automated financial services for wealth growth. Founded in 2008, the company offers various services like cash management, ETF and bond investing, zero-commission stock investing, and low-cost loans.

Having surpassed $80bn in client assets and maintaining EBIT margins over 40% since 2023, Wealthfront’s revenue growth has outpaced its employee growth. The company’s revenue run rate exceeded $340m annually in March, showcasing significant financial success.

Although UBS planned to acquire Wealthfront for $1.4bn in early 2022, the deal fell through. Recently, Michelle Wilson, with extensive experience advising startups like Okta and Amazon, joined Wealthfront’s board of directors, bolstering the company’s leadership team.

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