Financial platform Wealthfront, which helps digital natives transform their savings into wealth, has submitted an IPO application to the SEC.

Should the application be approved, Wealthfront plans to list its common stock on the Nasdaq Global Select Market with the ticker symbol WLTH. JP Morgan and Goldman Sachs & Co. LLC have been appointed as lead book-running managers for this potential offering, while Citigroup, Wells Fargo Securities, and RBC Capital Markets will serve as active book-running managers. Citizens Capital Markets, Keefe, Bruyette & Woods (a Stifel Company), and KeyBanc Capital Markets are also acting as co-managers.

A registration statement on Form S-1 has been filed with the SEC, though its effectiveness is yet to be determined. The number of shares to be offered and the price range for this proposed offering have not been finalized, pending market conditions. There can be no assurance that the offering will be completed or what specific terms might apply.

Additional Information About the Announcement

Wealthfront did not disclose specifics regarding its IPO plans but was valued at $1.4 billion prior to a cancelled acquisition by Swiss bank UBS, which faced resistance from shareholders over deal terms. This move aligns with recent trends in sectors less impacted by trade and supply chain issues. Wealthfront currently offers automated investment tools such as cash accounts, ETF and bond investing, trading capabilities, low-cost loans, portfolio creation, and integrates artificial intelligence elements into its financial planning software.

Like Wealthfront’s IPO aspirations, the broader market sees increasing regulatory friendliness in the US fostering clearer investor interest. Other firms including Revolut, BitGo, Circle, and eToro have already gone public recently, while companies like Figure Technology Solutions continue to raise capital through New York listings.