Dec 11 (Reuters) – Automated digital wealth management firm Wealthfront has priced its initial public offering at $14 per share, raising $485 million, The Information reported on Thursday.
The Palo Alto, California-based company priced its shares at the top of its marketed range of $12 to $14 per share, valuing it at $2 billion, the report said.
Reuters could not immediately verify the report. Wealthfront did not immediately respond to Reuters’ request for comment.
U.S. IPO activity has remained resilient in 2025, despite tariff concerns earlier in the year and the longest government shutdown in October, with major companies including Nvidia‑backed AI infrastructure firm CoreWeave and design software maker Figma moving ahead with their respective listings. Wealthfront will join a host of big fintech companies that have gone public in 2025, marking a solid year for the sector. U.S. digital bank Chime Financial and Swedish firm Klarna went public earlier in the year. Wealthfront, founded in 2008 by Andy Rachleff and Dan Carroll, provides automated tools such as cash accounts, ETF and bond investing, as well as trading and low-cost loans to its clients. The company, a pioneer in using automation to build low-cost investment portfolios, has incorporated elements of artificial intelligence into its financial planning software.
(Reporting by Pritam Biswas and Ananya Palyekar in Bengaluru; Editing by Krishna Chandra Eluri, Rashmi Aich and Sherry Jacob-Phillips)
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