Wealthfront Corporation, the Palo Alto automated investing and digital banking platform, has filed to go public on Nasdaq under the ticker “WLTH.” The company plans to offer 34.6 million shares of common stock at an estimated range of $12.00–$14.00, with cornerstone commitments from BlackRock and Wellington, who may purchase up to $150 million of shares at the IPO price. Based on the fully diluted share count disclosed in the S-1, Wealthfront’s initial public offering implies a fully diluted company market value of approximately $2.4 billion at the midpoint.
Founded in 2008, Wealthfront has evolved from an early robo-advisor into a comprehensive financial platform designed for digital-native clients. The company offers automated investment portfolios, high-yield cash accounts, financial planning tools, and secured credit features under a single, mobile-first experience. Management highlights predictable recurring revenue, a high degree of automation, and impressive customer durability, with retention rates exceeding 95% across the platform. Today, Wealthfront manages more than $88 billion in platform assets, supported by a distribution strategy focused on referrals, content-driven acquisition, and long-term client relationships rather than costly advisory sales cycles typical of traditional wealth managers.
The offering includes a mix of primary and secondary shares, with 21.5 million shares sold by the company and 13.1 million shares offered by existing holders. While the presence of secondary shares adds liquidity and early investor monetization, cornerstone interest from BlackRock and Wellington helps anchor pricing confidence. Wealthfront will qualify as an Emerging Growth Company under the JOBS Act, providing flexibility around public reporting requirements during its first years in the public markets.
Wealthfront’s financial profile is notable for its unusual combination of scale, growth, and profitability. Revenue grew approximately 24% year over year, while adjusted EBITDA margins remain in the mid-40% range. With client retention above 95% and platform assets of approximately $88 billion, the company is positioned as a differentiated fintech operator with consistent unit economics driven by automation and recurring fee streams. Management plans to use IPO proceeds to enhance technology capabilities, expand product development, and invest in automated planning tools to deepen customer engagement.
Looking ahead, Wealthfront aims to broaden its advisory and banking ecosystem through new tax-aware investment strategies, enhanced financial planning modules, and expanded banking and brokerage partnerships. While changes in interest rates will affect cash yield income, Wealthfront’s combination of profitability, operating leverage, and institutional cornerstone support positions the company as one of the more mature consumer fintech IPO candidates in recent years. With a lean subscription model, deeply automated service delivery, and strong retention dynamics, Wealthfront’s upcoming listing will be closely watched by investors interested in digital wealth strategies, cash monetization models, and high-margin fintech platforms.
Wealthfront is expected to trade the week of December 8th, 2025