BUZZ-Robo-adviser Wealthfront poised for muted Nasdaq debut
Reuters
Dec 13
BUZZ-Robo-adviser Wealthfront poised for muted Nasdaq debut
** Robo-adviser Wealthfront's WLTH.O shares poised to open flat in their Nasdaq debut
** Stock indicated to open at $14 apiece, giving WLTH a potential fully diluted valuation of $2.63 billion
** WLTH and some of its existing shareholders sold 34.6 million shares at the top end of the marketed range of $12 and $14 apiece to raise $484.6 million
** Goldman Sachs and J.P. Morgan were lead book-running managers for offering
** While fintech IPOs have mounted a strong resurgence in 2025, most of them are now trading below their debut levels
** WLTH caps off a busy penultimate week for the 2025 U.S. IPO market as the holiday slowdown closes in
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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