The digital wealth management firm Wealthfront announced today its plan to raise up to $485 million in its initial public offerings in the United States.
Wealthfront mainly plans to offer 34,615,384 shares to the public at a price range of $12.00 to $14.00 per share.
On the contrary, the offering includes 21,468,038 shares from Wealthfront and 13,147,256 shares from prior stockholders, with the company not attaining proceeds from existing stockholders.
The fintech platform has successfully listed its common stock on the Nasdaq Global Market under the symbol “WLTH” and will grant the underwriters a 30-day option to purchase up to 5,1,92,308 additional shares.
Wealthfront is a platform designed to offer financial products across distinct risk levels through web and mobile channels.
The service incorporates cash management, investment advisory services and financial planning tools.
It has been observed that Wealthfront has embedded artificial intelligence into its financial-planning software. UBS Group AI had previously agreed to acquire Wealthfront, but the deal was renounced in 2022.
In addition, the company reported 43% revenue growth in fiscal year 2025 and 20% growth in the initial six months of fiscal 2026.
Nonetheless, the recent revelation marks a significant step in Wealthfront’s journey to the public and serves as a key goal in the automated digital wealth management firm.