Automated investment service provider Wealthfront (WLTH.US) and certain shareholders are seeking to raise $485 million through an initial public offering (IPO) on the Nasdaq. According to a Tuesday SEC filing, the company plans to offer 21.47 million shares, while existing shareholders will sell 13.15 million shares, priced between $12 and $14 per share. Goldman Sachs and JPMorgan are leading the offering. At the upper end of the price range, Wealthfront's market capitalization would reach approximately $2.05 billion based on outstanding shares listed in the filing. Funds managed by BlackRock and Wellington Management may purchase up to $150 million worth of IPO shares. Known for its automated investment platform catering to younger clients, Wealthfront also provides bank-like services including high-yield savings accounts. As of July 31, the platform managed $88.2 billion in assets. The fintech firm differentiates itself through automated portfolio management, tax-loss harvesting, direct indexing, and competitive cash management accounts - features particularly appealing to digitally-native millennials and Gen Z investors. Targeting "digital natives" expected to accumulate significant wealth in coming years, Wealthfront reported $176 million revenue and $60.7 million net income for the six months ending July 31, compared to $146 million revenue and $132.3 million net income in the prior-year period. Current results include a $13.3 million income tax provision versus a $54.1 million tax benefit in 2024. Adjusted EBITDA grew 16% year-over-year. In 2022, UBS agreed to acquire Wealthfront for $1.4 billion to expand its high-net-worth client base, but abandoned the deal later that year. The company confidentially filed for an IPO in June. Pre-IPO shareholders include Tiger Global (19.7% stake), DAG Ventures (12.3%), and Index Ventures (11.5%).