The Zhitong Finance App learned that Wealthfront, an American automated investment service company, and some of its shareholders raised 484.6 million US dollars in an initial public offering (IPO). According to a statement on Thursday, the company sold 21.5 million shares, and some of its shareholders sold 13.1 million shares at a price of $14 per share, which is at the high end of the previously announced $12-14 per share pricing range. The company will be listed on NASDAQ on Friday under the ticker “WLTH.”

The Zhitong Finance App learned that Wealthfront, an American automated investment service company, and some of its shareholders raised 484.6 million US dollars in an initial public offering (IPO). According to a statement on Thursday, the company sold 21.5 million shares, and some of its shareholders sold 13.1 million shares at a price of $14 per share, which is at the high end of the previously announced $12-14 per share pricing range. The company will be listed on NASDAQ on Friday under the ticker “WLTH.”