Wealthfront app.
Source: Wealthfront
Wealthfront, the startup that helped popularize the robo-advisor benignant of automated investing, filed for a U.S. archetypal nationalist offering Monday, making it the latest successful a question of fintech firms going nationalist this twelvemonth aft the likes of Chime and Klarna.
The institution in June filed confidentially for an IPO, but waited until present to marque that filing public. That signals that Wealthfront is readying connected kicking disconnected its roadshow to transportation shares to investors; an IPO typically follows weeks aft the S-1 filing is made public.
Wealthfront, led by CEO David Fortunato, had $88.2 cardinal successful assets connected its level and served 1.3 cardinal customers arsenic of July 31, according to the filing.
"Our clients are chiefly digital-native precocious earners who prioritize savings and wealthiness accumulation," the institution said. "Digital natives typically person ample liquid savings with agelong clip horizons ahead, and they are undeterred by corrections and carnivore markets."
This communicative is developing. Please cheque backmost for updates.
English (US) ·