Wealthfront files for IPO, seeks NASDAQ listing

Wealthfront filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of common stock shares, according to a company statement.

The financial technology platform has not determined the number of shares to be offered or the price range for the proposed offering. The company applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol "WLTH."

Goldman Sachs & Co. LLC and J.P. Morgan will serve as lead book-running managers for the proposed offering. Citigroup, Wells Fargo Securities, and RBC Capital Markets will act as active book-running managers.

Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and KeyBanc Capital Markets will serve as co-managers for the proposed offering.

The offering remains subject to market conditions. The company stated there can be no assurance regarding whether or when the offering may be completed, or the actual size or terms of the offering.

Wealthfront operates as a technology-driven financial platform focused on helping users manage their savings and investments.

You May Also Be Interested In