Fintech firm Wealthfront seeks up to $2.05 billion valuation in US IPO
Yahoo Finance·2025-12-02 19:32

Dec 2 (Reuters) - Automated digital wealth management firm Wealthfront is targeting a valuation of ​up to 2.05billioninitsU.S.initialpublicoffering,itsaidonTuesday,becomingthelatesttotestatrendofstronginvestorappetiteforfintechlistings.ThePaloAlto,Californiabasedcompanyplanstoraiseasmuchas2.05 billion in its U.S.‌ initial public offering, it said on Tuesday, becoming the latest to ‌test a trend of strong investor appetite for fintech listings. The Palo Alto, California-based company plans to raise as much as 485 million by selling 34.6 million shares, including stock offered ⁠by existing shareholders, ‌at a price range of 12to12 to 14 each. The U.S. IPO market has recovered after ‍a s ...