Wealthfront announced its IPO of 34.6 million shares at $14.00 each, expected to trade on Nasdaq under "WLTH."
Quiver AI Summary
Wealthfront, a financial technology platform, has announced the pricing of its initial public offering (IPO) at $14.00 per share, offering a total of 34,615,384 shares. The IPO includes 21,468,038 shares from Wealthfront and 13,147,346 shares from existing stockholders, with Wealthfront not receiving proceeds from the latter. Shares are set to begin trading on the Nasdaq under the ticker symbol "WLTH" on December 12, 2025, with the offering expected to close on December 15, 2025, subject to customary conditions. The company has also granted underwriters the option to purchase additional shares. Goldman Sachs and J.P. Morgan are the lead managers overseeing the offering. Wealthfront aims to assist digital natives in growing their savings into wealth through various financial products.
Potential Positives
- Wealthfront successfully priced its initial public offering (IPO) at $14.00 per share, indicating strong investor interest and confidence in the company's valuation.
- The IPO involves the issuance of 34,615,384 shares, which can enhance the company's visibility and credibility in the market, particularly with its upcoming listing on the Nasdaq Global Select Market under the ticker symbol "WLTH."
- The granting of a 30-day option for underwriters to purchase additional shares could provide Wealthfront with the potential for increased capital if demand exceeds expectations.
- The effective registration statement by the Securities and Exchange Commission signifies regulatory approval, thereby solidifying the company’s compliance and readiness for public trading.
Potential Negatives
- Wealthfront will not receive any proceeds from the sale of shares by the Selling Stockholders, potentially indicating limited financial benefit from the IPO.
- The large number of existing stockholders selling shares could signal a lack of confidence in the company's future growth prospects or valuation by current investors.
- The necessity for customary closing conditions implies there's uncertainty surrounding the smooth completion of the offering, which could affect perception of the company's stability or readiness for public trading.
FAQ
What is Wealthfront's initial public offering price?
Wealthfront's initial public offering price is $14.00 per share.
When will Wealthfront's shares start trading?
The shares are expected to begin trading on December 12, 2025.
What is the ticker symbol for Wealthfront on the Nasdaq?
The ticker symbol for Wealthfront is "WLTH."
Who are the lead underwriters for Wealthfront's IPO?
Goldman Sachs & Co. LLC and J.P. Morgan are the lead book-running managers.
Where can I obtain the final prospectus for Wealthfront's offering?
The final prospectus may be obtained from Goldman Sachs or J.P. Morgan.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
PALO ALTO, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Wealthfront, a tech-driven financial platform helping digital natives turn their savings into wealth, today announced the pricing of its initial public offering of 34,615,384 shares of its common stock at a public offering price of $14.00 per share. The offering consists of 21,468,038 shares of common stock being offered by Wealthfront and 13,147,346 shares of common stock being offered by existing stockholders (the “Selling Stockholders”). Wealthfront will not receive any proceeds from the sale of shares by the Selling Stockholders.
The shares are expected to begin trading on the Nasdaq Global Select Market on December 12, 2025 under the ticker symbol “WLTH.” The offering is expected to close on December 15, 2025, subject to the satisfaction of customary closing conditions.
In addition, Wealthfront has granted the underwriters a 30-day option to purchase up to an additional 5,192,308 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the offering. Citigroup, Wells Fargo Securities, and RBC Capital Markets are acting as active book-running managers, and Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company , and KeyBanc Capital Markets are acting as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 11, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at [email protected]; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at [email protected] and [email protected].
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Wealthfront
Wealthfront is a tech-driven financial platform helping digital natives turn their savings into wealth. Wealthfront’s broad suite of products, including cash management, investing, borrowing, and financial planning solutions, address the diverse needs of its clients regardless of the economic environment. Wealthfront pioneered using automation to offer low-cost diversified portfolios, and the company’s software-driven platform allows it to deliver solutions to clients quickly, conveniently, and at low cost.
Contact: [email protected]
