Wealthfront announced its IPO roadshow, offering 34.6 million shares, listed under "WLTH" on Nasdaq, priced between $12 and $14.
Quiver AI Summary
Wealthfront, a financial platform designed for digital natives, has initiated the roadshow for its upcoming initial public offering (IPO) by filing a registration statement with the U.S. Securities and Exchange Commission (SEC). The company plans to offer 34,615,384 shares of common stock, with 21,468,038 shares from Wealthfront and 13,147,346 shares from existing stockholders. Wealthfront will not receive proceeds from the shares sold by stockholders, and they are granting underwriters a 30-day option for an additional 5,192,308 shares. The expected price range for the IPO is $12.00 to $14.00 per share, and the stock is set to be listed on the Nasdaq under the ticker symbol "WLTH." Goldman Sachs and J.P. Morgan are leading the offering, with several other banks involved as managers. The offering will only proceed once the registration statement becomes effective, and this press release serves as a formal announcement in compliance with securities regulations.
Potential Positives
- Wealthfront has filed for an initial public offering (IPO), signaling a significant milestone for the company as it seeks to raise capital and expand its market presence.
- The offering includes 34,615,384 shares of common stock, which demonstrates substantial investor interest and confidence in Wealthfront's growth potential.
- Wealthfront's application to list on the Nasdaq Global Select Market under the ticker symbol "WLTH" positions the company for increased visibility and credibility in the financial market.
- The involvement of notable underwriters such as Goldman Sachs and J.P. Morgan as lead managers reflects strong backing and support from reputable financial institutions.
Potential Negatives
- The company will not receive any proceeds from the sale of shares by existing stockholders, which could indicate a lack of confidence in Wealthfront's ability to attract investment directly.
- There is no mention of specific use of proceeds from the offering, which may raise questions among potential investors about the company's financial strategy and growth plans.
- The need for a registration statement to become effective before securities can be sold may lead to uncertainty and delays, potentially impacting investor sentiment.
FAQ
What is Wealthfront's initial public offering announcement?
Wealthfront has initiated the roadshow for its proposed initial public offering of 34,615,384 shares of common stock.
What is the expected IPO price for Wealthfront's shares?
The initial public offering price is anticipated to be between $12.00 and $14.00 per share.
Where will Wealthfront's common stock be listed?
Wealthfront plans to list its common stock on the Nasdaq Global Select Market under the ticker symbol "WLTH."
Who are the lead underwriters for the IPO?
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the IPO.
What services does Wealthfront provide to its clients?
Wealthfront offers a range of financial solutions including cash management, investing, borrowing, and financial planning services.
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. 02, 2025 (GLOBE NEWSWIRE) -- Wealthfront, a tech-driven financial platform helping digital natives turn their savings into wealth, today announced that it has launched the roadshow for its proposed initial public offering of its common stock. Wealthfront has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) to offer 34,615,384 shares of its common stock to the public. 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. In addition, Wealthfront intends to grant 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. The initial public offering price is expected to be between $12.00 to $14.00 per share. Wealthfront has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol “WLTH.”
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the proposed 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 proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained 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].
A registration statement on Form S-1 relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended, and 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]
