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Wealthfront debuts publicly with multibillion-dollar market valuation
Wealthfront raised $485 million in its IPO at $14 per share, valuing the fintech firm at $2.
Wealthfront has completed its initial public offering after pricing shares at $14 each, raising approximately $485 million in fresh capital. The offering values the consumer focused fintech company at around $2.6 billion on a fully diluted basis. The IPO arrives at a sensitive moment for consumer fintech listings, following recent offerings by Klarna, StubHub, and Gemini that traded below their first-day closing prices.