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Wealthfront IPO! We finally have a public wealthtech company
$WLTH ( ▼ 1.69% ) went public. It started out in 2008 and in 2025 hit the public markets with a $2.09B market cap as of this newsletter writing.
88B in AUM
1.3m customers
Cashflow positive
95% client retention
$339m in revenue
Before the IPO, the company had raised approximately $300m while private. Ribbit, Index, Tiger, DAG Ventures, amongst many others, in multiple rounds.
We finally have a public market comp. We have something we can now point to when thinking about investing in wealthtech and wealth management companies. What does a public company look like? $WLTH ( ▼ 1.69% ) is the best pure play comparison now. For all wealthtech investors, we hope to see Wealthfront make smart moves now that they are public to continue to push its stock price.
Wealthfront was originally named KaChing! That would have been a fun public company name!
