Sept 29 (Reuters) - Automated digital wealth management
firm Wealthfront on Monday revealed a rise in 2025 revenue in
its paperwork for a U.S. initial public offering, becoming the
latest fintech firm to seek a listing and tap investor demand.
The firm's filing revealed 2025 revenue of $308.9 million
for the year ended January 31, up from $216.7 million a year
earlier.
The U.S. IPO market has regained momentum after a slowdown
fueled by trade policy uncertainty, with fresh listings drawing
strong investor interest and signaling renewed confidence in the
market.
Fintech firms, including Sweden's Klarna ( KLAR ), U.S.
digital bank Chime and Israeli trading platform eToro
, drew strong investor demand, with shares surging at
their market debuts this year.
"The filing adds to the long list of firms which have had
their IPO recently or are being filed. It also underlines that
going into Q4, the U.S. IPO market is extremely healthy," said
Josef Schuster, CEO of IPO research firm IPOX.
The Palo Alto, California-based firm was valued at $1.4
billion in 2022, when its planned acquisition by Swiss bank UBS
was scrapped following reported shareholder pushback over the
deal's terms.
"Depending on final offering terms, we expect demand for the
deal to be solid. However, with both Chime and eToro now trading
well below offer, we don't expect investors to jump onto the
deal if pricing and terms are too aggressive," Schuster said.
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.
Wealthfront will list on the Nasdaq Stock Market under the
"WLTH" symbol. Goldman Sachs, J.P. Morgan and Citigroup are
among the underwriters for the offering.