Fintech platform Wealthfront is seeking a valuation of up to $2.05 billion as it prepares for its U.S. initial public offering, marking another test of investor demand for high-growth digital finance companies. The automated wealth management firm plans to raise as much as $485 million by selling 34.6 million shares at a price range of $12 to $14. The offer includes stock from existing shareholders, signaling broad participation in the listing.
Wealthfront, based in Palo Alto, operates one of the largest automated investment platforms in the U.S., serving clients with portfolios built on low-cost ETFs and algorithmic allocation. The company is positioning itself to benefit from rising adoption of passive investing and digital-first financial planning.
The IPO joins a renewed wave of fintech listings as public market appetite improves. Strong demand for scalable, fee-efficient platforms has helped push several digital finance firms toward public markets this year, with Wealthfront’s offering adding to the sector’s momentum.