Reuters: IPOX® CEO Josef Schuster Comments on Wealthfront’s IPO Filing
Reuters reported that Wealthfront, the Palo Alto-based digital wealth management platform, has filed for a U.S. initial public offering after disclosing a sharp increase in revenue. The fintech firm posted $308.9 million in revenue for the year ended January 31, 2025, up from $216.7 million the previous year. Wealthfront, which was previously valued at $1.4 billion in 2022, plans to list on Nasdaq under the ticker “WLTH.”
In the article, IPOX® CEO Josef Schuster, highlighted the broader IPO market momentum going into Q4:
“The filing adds to the long list of firms which have had their IPO recently or are being filed. It also underlines that going into Q4, the U.S. IPO market is extremely healthy.”
Schuster further noted that while demand for Wealthfront’s offering is expected to be solid, investor caution may increase if pricing proves too aggressive:
“Depending on final offering terms, we expect demand for the deal to be solid. However, with both Chime and eToro now trading well below offer, we don’t expect investors to jump onto the deal if pricing and terms are too aggressive.”
Wealthfront’s IPO joins a wave of fintech listings in 2025, including Klarna, Chime, and eToro, which initially surged on debut before seeing share price corrections.
Read the full article by Prakhar Srivastava on Reuters: Fintech platform Wealthfront discloses higher 2025 revenue in US IPO filing
