Company Overview - Wealthfront is an automated digital wealth management firm based in Palo Alto, California, founded in 2008 by Andy Rachleff and Dan Carroll [3] - The company provides automated tools such as cash accounts, ETFs, bond investing, trading, and low-cost loans to its clients [3] IPO Details - Wealthfront is targeting a valuation of up to $2.05 billion in its U.S. initial public offering (IPO) [1] - The company plans to raise as much as $485 million by selling 34.6 million shares at a price range of $12 to $14 each [1] - Wealthfront intends to list on the Nasdaq Stock Market under the symbol "WLTH" [3] - Goldman Sachs, J.P. Morgan, and Citigroup are among the underwriters for the offering [3] Market Context - The U.S. IPO market has shown recovery after a slowdown, driven by rising odds of a Federal Reserve interest rate cut, which has boosted investor demand for new offerings [2] - Fintech companies, including Wealthfront, have experienced strong demand, with shares of similar firms like Klarna, Chime, and eToro jumping on their market debuts [2] Historical Valuation - In 2022, Wealthfront was valued at $1.4 billion when a planned acquisition by Swiss bank UBS was scrapped due to reported shareholder pushback over the deal's terms [4]