Digital wealth management platform The wealth front has filed for an initial public offering, because of which the Palo Alto, California-based startup will join the ranks of fintech IPOs in the US this 12 months.
In Submitting an S-1 amendment With U.S. Securities and Exchange CommissionWealthfront says it plans to lift $485 million in an initial public offering by selling 34.6 million shares, including shares offered by existing shareholders, at prices of $12 to $14 each.
The company plans a valuation of $2.05 billion and can be listed on the stock exchange Nasdaq exchange under the ticker WLTH. In June, the company confidentially filed for an initial public offering in the US. Wealthfront was to be acquired by UBS before that $1.4 billion deal fell apart in September 2022.
The documents show that the fintech startup is profitable. As of July 31, 2025, Wealthfront reported net income of $123 million with 26% higher year-over-year revenue growth of $339 million.
It has raised greater than $274 million since its founding in 2008, in keeping with Crunchbase data. Investors include: Slow ventures, Index ventures, Benchmark, Spark capital, Ribbit Capital AND Global Tiger Managementamong others.
It was a busier than usual 12 months, at least in comparison with recent years, when it involves fintech IPOs. Since the starting of 2025, several fintech corporations have gone public or applied for such a transaction. While many of them had impressive debuts, some corporations’ stocks have since calmed down.
- At the starting of June, shares Wheel closed up 168% at $83.29 on its first day of trading on the exchange New York Stock Exchange, the minting of a stablecoin issuer with a market capitalization of roughly $16.7 billion and renewed hopes for a rebound in the IPO market. In mid-July, the company’s stock greater than doubled from its first closing day, trading above $200 per share, but has since fallen sharply, trading just under $78 as of December 2.
- Digital bank Chime went public on June 12 and got here out with a bang. The company’s shares increased by 37% on the first day of trading. Nasdaqclosing at $37. However, as of December 2, the company’s stock was trading at around $22.
- Klarna went public on September 10, and its shares increased by roughly 16% on the first day of trading and closed at $46.40. But as of Dec. 2, shares of the Stockholm-based company, which has evolved its model to supply greater than just “buy now, pay later” plans, were trading at around $31.
- Shares Navan closed at $20, down 20%, in first-day trading on October 30, indicating weak investor demand for the long-awaited debut. Since then, its shares in Navan, which operates an enterprise expense management platform with a focus on business travel, have fallen further. On December 2, the company’s shares were trading at just over $15.
Given this volatility, it should be interesting to see how Wealthfront performs once it enters the public markets.