The resurgence of high-profile IPOs in 2025 shows no sign of abating—especially in the fintech space. This week, Wealthfront Corporation announced its intention to go public. Here’s what you need to know:
What is Wealthfront?
Wealthfront Corporation was founded 17 years ago, in 2008. It is headquartered in Palo Alto, California, and is led by CEO David Fortunato.
The company is one of a number of fintech firms that operate in the robo-advisor space. It offers a financial platform and dedicated smartphone app that allow users to invest in various assets, including stocks and bonds. The company also offers cash accounts and automated index investing.
Wealthfront specifically targets digital natives, which it defines as those born after 1980. These are consumers “who use digital platforms for the vast majority of their everyday services ranging from entertainment and commerce to food delivery and ride sharing,” the company stated in its Form S-1 registration statement filed with the U.S. Securities and Exchange Commission (SEC).
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The demographic includes millennials, Gen Z, and later, and Wealthfront describes them as typically having “large liquid savings with long time horizons ahead,” and being “undeterred by corrections and bear markets.”
The company’s registration statement also noted that these individuals “lost trust in traditional financial institutions which they blamed for high unemployment and an economic downturn.”
A study by Oxford Economics, commissioned by Wealthfront, found that the total wealth of digital natives is expected to grow from $12 trillion in 2022 to $140 trillion in 2045.
Wealthfront by the numbers
According to Wealthfront’s SEC filing, the company’s key metrics include (as of the company’s Q2 2026):
Platform assets of $88 billion
Year-over-year (YOY) platform asset growth of 24%
Revenue of $339 million over the last 12 months (LTM)
LTM YOY revenue growth of 26%
LTM net income of $123 million
Around 1.3 million “funded” users
When is Wealthfront’s IPO?
At this time, the exact date of Wealthfront’s public offering is unknown. On September 29, the company issued a statement announcing its intention to go public, but it has not specified a date.
What’s interesting about its IPO filing is that Wealthfront actually filed for an IPO with the SEC in June, but the filing was confidential until now. As for when the company might actually debut on public markets, CNBC notes that most companies typically have their IPO within weeks of the S-1 filing being made public.
If Wealthfront adheres to the typical schedule, the company’s shares could debut sometime in October.
What is Wealthfront’s stock ticker?
Wealthfront’s shares will trade under the stock ticker “WLTH.”
What market will Wealthfront’s shares trade on?
Wealthfront shares will trade on the Nasdaq Global Select Market.
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What is the IPO share price of WLTH?
In this week’s announcement, Wealthfront declined to specify an IPO share price or expected price range. The company stated that the “number of shares to be offered and the price range for the proposed offering have not yet been determined.”
It’s likely Wealthfront and its book-running managers, which include Goldman Sachs and J.P. Morgan, are waiting to price WLTH shares until they can better gauge investor interest via its “roadshow”—which is when a company markets it shares to potential investors.
How many WLTH shares are available in its IPO?
As with its share price, Wealthfront has also declined to say just how many shares of WLTH will be available in its IPO. The company said the number of shares on offer is yet to be determined.
How much will Wealthfront raise in its IPO?
Until Wealthfront announces the number of shares on offer and the price of those shares, it is impossible to say how much Wealthfront will raise in its IPO. It’s also worth noting that Wealthfront has cautioned that, despite announcing its IPO, there’s always the chance that the public offering may not come to pass.
“The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or other terms of the offering,” the company stated.
How much is Wealthfront worth?
It’s currently unknown what Wealthfront’s current valuation is. However, as noted by CNBC, in 2022, Swiss banking giant UBS announced its intent to purchase Wealthfront for $1.4 billion in cash. The bank later abandoned that deal.
High-profile fintechs IPOs are a thing in 2025
If Wealthfront does indeed go through with its proposed public offering, the company will be far from the only fintech firm to make its public debut this year.
Numerous other high-profile fintech companies have already gone public in 2025, including Klarna, Chime, Circle, eToro, and Bullish.
As Reuters notes, several years ago, fintech firms began falling out of favor with investors due to the challenges associated with rising interest rates, leading ot a dearth of related IPOs.
However, in 2025, the fintech industry has gained increasing favor with investors, resulting in numerous IPOs this year.