Wealthfront Announces Pricing of Initial Public Offering

Rhea-AI Summary

Wealthfront (NASDAQ:WLTH) priced an initial public offering of 34,615,384 shares at a public offering price of $14.00 per share. The offering includes 21,468,038 shares offered by Wealthfront and 13,147,346 shares offered by existing stockholders. Trading is expected to begin on the Nasdaq Global Select Market on December 12, 2025 under the ticker WLTH, and the offering is expected to close on December 15, 2025, subject to customary closing conditions.

Underwriters have a 30-day option to purchase up to an additional 5,192,308 shares at the IPO price, less underwriting discounts and commissions. Goldman Sachs and J.P. Morgan are lead book-running managers; a registration statement was declared effective by the SEC on December 11, 2025.

Positive

• IPO priced at $14.00 per share for 34,615,384 shares
• Primary offering of 21,468,038 shares by Wealthfront
• Listing expected on Nasdaq Global Select on December 12, 2025
• Underwriters granted 30-day option for 5,192,308 additional shares

Negative

• 13,147,346 shares offered by existing stockholders; Wealthfront receives no proceeds from those shares
• Offering close is subject to customary closing conditions, expected December 15, 2025

News Market Reaction

+70.45% 1191.5x vol

6 alerts

+70.45% News Effect

+$898M Valuation Impact

$2.17B Market Cap

1191.5x Rel. Volume

On the day this news was published, WLTH gained 70.45%, reflecting a significant positive market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $898M to the company's valuation, bringing the market cap to $2.17B at that time. Trading volume was exceptionally heavy at 1191.5x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total IPO shares: 34,615,384 shares IPO price: $14.00 per share Primary shares: 21,468,038 shares +5 more

8 metrics

Total IPO shares 34,615,384 shares Common stock in initial public offering

IPO price $14.00 per share Public offering price for common stock

Primary shares 21,468,038 shares Shares offered by Wealthfront

Secondary shares 13,147,346 shares Shares offered by Selling Stockholders

Underwriters’ option 5,192,308 shares Additional shares under 30-day option

Trading start date December 12, 2025 Expected Nasdaq Global Select Market listing

Closing date December 15, 2025 Expected IPO closing, subject to conditions

Underwriter option period 30 days Period to purchase additional shares

Market Reality Check

Price: $8.88

normal vol

$8.88 Last Close

Technical Pre-news, shares were trading above the 200-day MA of 8.31.

Market Pulse Summary

The stock surged +70.5% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +70.5% in the session following this news. A strong positive reaction aligns with the clear visibility this IPO announcement provided, including 34,615,384 total shares at $14.00 and a defined 30-day underwriter option. Investors often focused on how much stock came from the company versus selling stockholders and the timelines to listing and closing. Future trading dynamics could have depended on how the new float interacted with any existing positioning and overall demand for newly listed shares.

Key Terms

initial public offering, underwriters, prospectus, registration statement, +2 more

6 terms

initial public offering financial

"announced the pricing of its initial public offering of 34,615,384 shares"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

underwriters financial

"Wealthfront has granted the underwriters a 30-day option to purchase"

Underwriters are financial professionals or institutions that help companies raise money by selling new securities, such as stocks or bonds, to investors. They assess the risk and determine the price at which these securities should be sold, acting like a bridge between the company and the investors. Their role helps ensure that the company raises the needed funds while providing investors with options that reflect the level of risk involved.

prospectus regulatory

"The offering is being made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

registration statement regulatory

"A registration statement relating to these securities was declared effective"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

Securities and Exchange Commission regulatory

"declared effective by the Securities and Exchange Commission on December 11, 2025."

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

Nasdaq Global Select Market financial

"begin trading on the Nasdaq Global Select Market on December 12, 2025"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

AI-generated analysis. Not financial advice.

PALO ALTO, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Wealthfront, a tech-driven financial platform helping digital natives turn their savings into wealth, today announced the pricing of its initial public offering of 34,615,384 shares of its common stock at a public offering price of $14.00 per share. 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.

The shares are expected to begin trading on the Nasdaq Global Select Market on December 12, 2025 under the ticker symbol “WLTH.” The offering is expected to close on December 15, 2025, subject to the satisfaction of customary closing conditions.

In addition, Wealthfront has granted 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.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the 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 offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 11, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, 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.

This press release 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

When will Wealthfront (WLTH) begin trading on Nasdaq?

Shares are expected to begin trading on December 12, 2025 on the Nasdaq Global Select Market under WLTH.

How many shares and at what price did Wealthfront (WLTH) price its IPO?

The IPO is for 34,615,384 shares priced at $14.00 per share.

How many shares is Wealthfront (WLTH) offering vs. selling stockholders?

Wealthfront is offering 21,468,038 shares; existing stockholders are selling 13,147,346 shares.

Will Wealthfront receive proceeds from all IPO shares?

Wealthfront will not receive proceeds from the 13,147,346 shares sold by existing stockholders.

What is the underwriters' option size for the Wealthfront (WLTH) IPO?

Underwriters have a 30-day option to buy up to 5,192,308 additional shares at the IPO price, less discounts and commissions.

When is the Wealthfront (WLTH) offering expected to close?

The offering is expected to close on December 15, 2025, subject to customary closing conditions.

Where can investors obtain the final prospectus for Wealthfront (WLTH)?

Final prospectus copies will be available from lead managers Goldman Sachs or J.P. Morgan as listed in the offering notices.