Latham & Watkins Advises on Wealthfront’s US$485 Million IPO

Wealthfront, a tech-driven financial platform helping digital natives turn their savings into wealth, has announced the pricing of its initial public offering of 34,615,384 shares of its common stock at a public offering price of US$14 per share. The offering consists of 21,468,038 shares of common stock being offered by Wealthfront and 13,147,346 shares of common stock being offered by existing stockholders (the Selling Stockholders). Wealthfront will not receive any proceeds from the sale of shares by the Selling Stockholders. The shares began trading on the Nasdaq Global Select Market on December 12, 2025, under the ticker symbol “WLTH.” The offering is expected to close on December 15, 2025, subject to the satisfaction of customary closing conditions. In addition, Wealthfront has granted the underwriters a 30-day option to purchase up to an additional 5,192,308 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.

Latham & Watkins LLP represents the underwriters in the offering with a corporate team led by Bay Area partners Rick Kline and Sarah Axtell, with associates Zuza Gruca, Ali Ross, and Bridget Carmody. Advice was also provided on tax matters by Bay Area partner Grace Lee, with associate Dennis Poehland; on benefits matters by Bay Area partner Ashley Wagner, with associate Jennifer Lin; on intellectual property, data privacy, and cybersecurity matters by Bay Area partner Michelle Gross, with associates Kiara Vaughn, Ryan Sanders, Claire Jensen, and Eric Gonzalez; on compliance matters by Washington, D.C. partners Joseph Bargnesi and Eric Volkman; on money services matters by Washington, D.C. partner Parag Patel, with associate Mikhail Bushinski; on investment funds matters by Washington, D.C. partner Aaron Gilbride, with associate Tim Cummings; and on broker-dealer matters by New York partner Stephen Wink and New York counsel Naim Culhaci, with associate Connor Jobes.