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Palo Alto Financial Advisory Firm Wealthfront Files for Ipo
Wealthfront plans to expand into mortgages and reported $88.2 billion in assets with 1.3 million customers, joining a strong 2025 fintech IPO market, analysts say.
- Wealthfront, a technology-focused financial services company based in Palo Alto, submitted its registration statement to go public on September 29, 2025, with plans to trade on Nasdaq under the ticker symbol "WLTH."
- The filing followed confidential submission in June after Wealthfront grew revenue 26% to $339 million and reached $123 million net profit by July 31, 2025.
- Established in 2008 by Dan Carroll and Andy Rachleff, Wealthfront delivers automated investment services, cash management solutions, affordable loans, and is preparing to introduce mortgage offerings with rates approximately 0.5% lower than the national average.
- The company reported $88.2 billion in assets under management, serves 1.3 million mostly digital-native high earners, and spent $9 million on marketing in the quarter ending July 2025.
- Wealthfront faces a challenge expanding fast enough to meet investor expectations, as its low fees and automation have enabled profitability and competitive positioning in a revived U.S. IPO market.
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Wealthfront Files Registration Statement for Proposed Initial Public Offering
/PRNewswire/ -- Wealthfront, a tech-driven financial platform helping digital natives turn their savings into wealth, today announced that it has filed a...
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Total News Sources27
Leaning Left4Leaning Right1Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 36%
C 55%
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