Wealthfront debuts publicly with multibillion-dollar market valuation

Wealthfront raised $485 million in its IPO at $14 per share, valuing the fintech firm at $2.6 billion and testing investor appetite for consumer finance listings.

Live Market Updates

Latest Financial News

neutral
2 days ago

Wealthfront debuts publicly with multibillion-dollar market valuation

Wealthfront debuts publicly with multibillion-dollar market valuation
Wealthfront has completed its initial public offering after pricing shares at $14 each, raising approximately $485 million in fresh capital. The offering values the consumer focused fintech company at around $2.6 billion on a fully diluted basis. The IPO arrives at a sensitive moment for consumer fintech listings, following recent offerings by Klarna, StubHub, and Gemini that traded below their first-day closing prices. 
Companies:
  • Wealthfront
Tags:
  • ipo
  • fintech