Smart investment unicorn Wealthfront (WLTH.US) launches NASDAQ IPO tonight at a price of $14 per share

The Zhitong Finance App learned that Wealthfront, an American automated investment service company, and some of its shareholders raised 484.6 million US dollars in an initial public offering (IPO). According to a statement on Thursday, the company sold 21.5 million shares, and some of its shareholders sold 13.1 million shares at a price of $14 per share, which is at the high end of the previously announced $12-14 per share pricing range. The company will be listed on NASDAQ on Friday under the ticker “WLTH.”

As an early player in smart investing, Wealthfront is known for its easy to use automated investment products and online platforms that attract younger clients. The company provides customers with diversified portfolio management services through algorithms, lowering the threshold for traditional investment consulting. In addition to its core investment business, Wealthfront also provides bank-like services such as high-yield savings accounts to enhance user stickiness and expand revenue streams. The huge scale of asset management is the cornerstone of its business. As of July 31, the total assets managed by its platform reached US$88.2 billion, according to the documents. This IPO will be an important test of its business model, customer growth, and market potential.

According to previously submitted documents, for the six months ending July 31, the company had revenue of US$175.6 million and net profit of US$60.7 million; revenue of US$145.9 million and net profit of US$132.3 million for the same period last year. According to the documents, net profit for the six months ended July 31 included $13.3 million in income tax reserves, compared to $541 million in tax benefits for the same period in 2024; adjusted EBITDA increased 16% year over year.

The current IPO window in the US stock market is very short, as companies hope to go public in the last few weeks of 2025 after the listing plan is postponed due to the shutdown of the US federal government. Regulators are processing a backlog of IPO applications after the shutdown ended in November.