"Smart Robo-advisor unicorn Wealthfront (WLTH.US) will debut on Nasdaq tonight with an IPO price of $14 per share."

Wealthfront, an American automated investment service company, and some of its shareholders raised $484.6 million in its initial public offering (IPO). According to a statement on Thursday, the company sold 21.5 million shares of stock, with some shareholders selling 13.1 million shares, all priced at $14 per share, at the high end of the previously announced price range of $12-14 per share. The company will debut on the Nasdaq on Friday under the ticker symbol "WLTH". As an early participant in the robo-advisory field, Wealthfront is known for its easy-to-use automated investment products and online platform that attract young clients. The company offers diversified investment portfolio management services to clients through algorithms, lowering the barrier for traditional investment advisory. In addition to its core investment business, Wealthfront also offers bank-like services such as high-yield savings accounts to enhance user stickiness and expand revenue sources. Its massive asset management scale is the cornerstone of its business. Documents show that as of July 31, the total assets managed on its platform reached $88.2 billion. This IPO will be a significant test of its business model, customer growth, and market potential. According to previously submitted documents, for the six months ending on July 31, the company had revenue of $175.6 million and a net profit of $60.7 million; compared to revenue of $145.9 million and net profit of $132.3 million in the same period last year. The documents show that the net profit for the six months ending on July 31 includes a tax provision of $13.3 million, while the tax benefit for the same period in 2024 was $541 million; adjusted EBITDA increased by 16% year-on-year. The current IPO window in the US stock market is very short, as companies are rushing to go public in the last weeks of 2025 after delays due to the US federal government shutdown. Regulatory agencies are currently handling a backlog of IPO applications after the shutdown ended in November.