Wealthfront's Public Debut: A Long-Term Investment Success
Update: 2025-12-13
Description
Wealthfront, a robo-advisor focusing on long-term investing, recently went public on the Nasdaq, opening at $8 per share. Despite market fluctuations, it recovered to trade above its IPO price, valuing the company at over $2 billion. Wealthfront competes with Robinhood and SoFi, attracting younger investors seeking long-term growth. With $88 billion in assets and 1.3 million users, mostly millennials and Gen Z, the company generated $175 million in revenue and $60 million in net income in the first half of 2021.
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