Wealthfront's IPO Valued at $2.1 Billion Amid Tepid Debut
Photo by Jakub Żerdzicki on Unsplash
Wealthfront's IPO raised $485 million, valuing the company at $2.1 billion, with shares increasing by 1%. The fintech company, managing $90 billion in assets for 1.3 million customers, reported $339 million in revenue and $123 million in net profits for the fiscal year ending July 31, 2025, marking a 26% revenue increase.
Key takeaways
- Wealthfront's initial public offering (IPO) generated a muted market response, with shares increasing by only 1% despite raising $485 million
- This valued the fintech company at $2
- While the IPO's performance was modest, Wealthfront, under the leadership of CEO David Fortunato, has demonstrated significant growth and profitability
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