Synopsis
Wealthfront, a digital wealth management firm, plans to raise as much as $485 million through its initial public offering in the United States. The company, founded in 2008, offers automated financial tools including cash accounts and investing services. Wealthfront will list on the Nasdaq under the symbol WLTH. Goldman Sachs, J.P.
ETMarkets.comWealthfront, founded in 2008 by Andy Rachleff and Dan Carroll, provides automated tools such as cash accounts, ETF and bond investing, as well as trading and low-cost loans to its clients.
The company, a pioneer in using automation to build low-cost investment portfolios, has incorporated elements of artificial intelligence into its financial planning software.
Wealthfront intends to list on the Nasdaq Stock Market under the “WLTH” symbol. Goldman Sachs, J.P. Morgan and Citigroup are among the underwriters for the offering.
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