Fintech Wealthfront prices US IPO at $14 apiece, raises $486 million

Company Overview - Wealthfront, founded in 2008 by Andy Rachleff and Dan Carroll, provides automated financial tools including cash accounts, ETF and bond investing, trading, and low-cost loans [2][4] - The company is recognized as a pioneer in using automation for building low-cost investment portfolios and has integrated artificial intelligence into its financial planning software [3][4] IPO Details - Wealthfront raised $486 million in its initial public offering (IPO) by selling 34.6 million shares at $14 each, surpassing its marketed range of $12 to $14 per share [1][4] - The IPO valued Wealthfront at $2 billion [1][4] - Wealthfront will be listed on Nasdaq under the ticker "WLTH" [3][4] - Major underwriters for the offering include Goldman Sachs, J.P. Morgan, and Citigroup [3][4] Industry Context - The year 2025 has been strong for fintech IPOs, with notable companies like Chime Financial and Klarna also going public [2][4] - Despite challenges such as tariff concerns and a government shutdown, US IPO activity has shown resilience, with significant listings from companies like CoreWeave and Figma [1][4]