Wealthfront Announces Launch of Initial Public Offering
Rhea-AI Summary
Wealthfront (WLTH) launched the roadshow for a proposed initial public offering on Dec. 2, 2025. The company filed a Form S-1 to offer 34,615,384 shares of common stock, including 21,468,038 shares by Wealthfront and 13,147,346 shares by existing selling stockholders.
Wealthfront expects an IPO price range of $12.00 to $14.00 per share, has applied to list on the Nasdaq Global Select Market under ticker WLTH, and granted underwriters a 30-day option for up to 5,192,308 additional shares. Goldman Sachs and J.P. Morgan are lead book-runners.
Positive
- 34,615,384 shares proposed in the offering
- 21,468,038 company shares being offered by Wealthfront
- Underwriters have a 30-day option for 5,192,308 shares
- IPO price range set at $12.00–$14.00
- Applied to list on Nasdaq Global Select under WLTH
Negative
- 13,147,346 shares offered by selling stockholders; Wealthfront receives no proceeds
- Registration statement not yet effective; securities cannot be sold until effective
Insights
Wealthfront launched an IPO roadshow to offer shares at
Wealthfront has filed a Form S-1 and begun a roadshow for a proposed public offering of 34,615,384 common shares, of which 21,468,038 are being offered by the company and 13,147,346 by existing stockholders; the company will not receive proceeds from the shares sold by the selling stockholders. The underwriters have a 30-day option to purchase up to an additional 5,192,308 shares. The initial price range is
The principal business mechanism is an equity raise via an IPO roadshow and Form S-1 registration; this process lets the company access public capital markets while allowing early investors to sell shares. Key near-term dependencies include the SEC registration becoming effective, finalization of the offering price and allocation, and successful demand during the roadshow. Watch the effective date of the registration statement, the final offering price and size, and whether underwriters exercise the 30-day option; these items should materialize within the offering period following the roadshow and S-1 effectiveness.
PALO ALTO, Calif., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Wealthfront, a tech-driven financial platform helping digital natives turn their savings into wealth, today announced that it has launched the roadshow for its proposed initial public offering of its common stock. Wealthfront has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) to offer 34,615,384 shares of its common stock to the public. The offering consists of 21,468,038 shares of common stock being offered by Wealthfront and 13,147,346 shares of common stock being offered by existing stockholders (the “Selling Stockholders”). Wealthfront will not receive any proceeds from the sale of shares by the Selling Stockholders. In addition, Wealthfront intends to grant the underwriters a 30-day option to purchase up to an additional 5,192,308 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the proposed offering. Citigroup, Wells Fargo Securities, and RBC Capital Markets are acting as active book-running managers, and Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and KeyBanc Capital Markets are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.
A registration statement on Form S-1 relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended, and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Wealthfront
Wealthfront is a tech-driven financial platform helping digital natives turn their savings into wealth. Wealthfront’s broad suite of products, including cash management, investing, borrowing, and financial planning solutions, address the diverse needs of its clients regardless of the economic environment. Wealthfront pioneered using automation to offer low-cost diversified portfolios, and the company’s software-driven platform allows it to deliver solutions to clients quickly, conveniently, and at low cost.
Contact: press@wealthfront.com
FAQ
How many shares is Wealthfront (WLTH) offering in the IPO announced Dec. 2, 2025?
What portion of the Wealthfront (WLTH) IPO shares come from the company versus selling stockholders?
What is the expected IPO price range for Wealthfront (WLTH)?
Will Wealthfront (WLTH) receive proceeds from all shares in the proposed IPO?
Which exchanges and ticker will Wealthfront use for the IPO?
Who are the lead underwriters for Wealthfront's (WLTH) proposed IPO and do they have an overallotment option?
