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Fintech platform Wealthfront discloses higher 2025 revenue in US IPO filing
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Fintech platform Wealthfront discloses higher 2025 revenue in US IPO filing
Sep 29, 2025 3:49 PM

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.

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