Wealthfront filed an S-1 with the SEC, planning to lift as much as $485 million by providing 34.6 million shares at $12 to $14 every, focusing on a $2 billion valuation.
The wealthtech agency was based as kaChing and rebranded to Wealthfront in 2010 and has expanded from robo-advisory into high-insurance checking, financial savings, and credit score merchandise.
The IPO follows a beforehand canceled $1.4 billion UBS acquisition, and positions Wealthfront amongst a brand new wave of fintechs going public, together with eToro, Chime, and Klarna.
Wealthtech agency Wealthfront revealed this week that it has filed an S-1 with the US Securities and Change Fee, taking its first formal step towards an IPO.
In response to the submitting, Wealthfront plans to supply 34.6 million shares at $12 to $14 every, which might increase as much as $485 million and worth the corporate close to $2 billion. The corporate plans to listing on the Nasdaq below the ticker image WLTH.
Based in 2008 and making its Finovate debut as kaChing a yr later, the corporate rebranded to Wealthfront in 2010 and has since solidified its place as a pioneer within the wealthtech house. Since launch, Wealthfront has advanced its platform so as to add challenger banking options resembling a checking account with as much as $8 million in FDIC insurance coverage, which is made potential by way of the corporate’s partnerships with 32 program banks. The fintech additionally affords a high-yield financial savings account, a portfolio line of credit score, an automatic bond ladder, and is engaged on a mortgage lending product.
Wealthfront usually targets youthful buyers who maintain a mean stability of $67,000, whereas 180,000 of its shoppers maintain greater than $100,000 in property and over 10,000 shoppers have property greater than $1 million in property on the platform.
This isn’t Wealthfront’s first transfer towards an exit. In January 2022, the corporate shaped a $1.4 billion deal to be acquired by UBS. On the time, that value mirrored a premium of at the very least 2x on Wealthfront’s most up-to-date non-public market valuation. Wealthfront referred to as the acquisition a “strategic partnership” that will allow the corporate to supply new companies and provides its clients entry to “UBS’s industry-leading investing insights and analysis.”
Two weeks after unveiling the acquisition plans, nevertheless, UBS referred to as off the deal. Shareholders had been reportedly spooked, because it got here throughout a interval of serious decline in fintech valuations. Notably, nevertheless, Wealthfront’s present $2 billion goal valuation is considerably increased than the $1.4 billion acquisition value UBS had provided in 2022, which might equate to roughly $1.55 billion in in the present day’s {dollars} after adjusting for inflation.
In going public, Wealthfront is in good firm with different fintechs together with eToro, which debuted in January of 2025; Chime, which went public in June of 2025; and Klarna, which debuted in September 2025 after suspending the transfer for six months.
With the S-1 now public, Wealthfront will enter the SEC overview course of and put together for a roadshow, which locations its doubtless IPO window in early 2026.
Views: 92
