Wealthfront, based in Palo Alto, California, is seeking a valuation of up to $2.05 billion in its U.S. IPO, aiming to raise $485 million by selling 34.6 million shares at a price range of $12–$14 per share. Wealthfront, which provides automated tools and software for cash accounts, low-cost loans and investing in ETFs and bonds, plans to list on the Nasdaq Stock Market under the “WLTH” symbol.
To read the report: please click here.