12 Dec 2025

Fenwick Represents Wealthfront in $484 Million Initial Public Offering

"Fenwick advised Wealthfront (Nasdaq: WLTH) in its IPO of 34,615,384 shares at $14.00 per share, raising about $484.6 million. Goldman Sachs & Co. LLC and J.P. Morgan served as lead book‑running managers; Citigroup, Wells Fargo Securities and RBC Capital Markets acted as active book‑running managers; Citizens Capital Markets, Keefe, Bruyette & Woods, Stifel and KeyBanc were co‑managers."

Fenwick represented Wealthfront (Nasdaq: WLTH) in its initial public offering; the offering was led by investment banks Goldman Sachs & Co. LLC and J.P. Morgan, with Citigroup, Wells Fargo Securities and RBC Capital Markets acting as active book‑running managers, and Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and KeyBanc Capital Markets serving as co‑managers. Wealthfront completed an initial public offering of 34,615,384 shares of common stock at a public offering price of $14.00 per share, generating approximately $484.6 million in gross proceeds. Wealthfront is a technology‑driven financial platform that helps digital natives turn their savings into wealth. Fenwick represented client Wealthfront with a team composed by: corporate partners Michael Brown, Ran Ben-Tzur, Chelsea Anderson and Ari Haber; corporate associates Arielle Trapp, Sam Lim, Liz Malmen, Sarah Marshall and Havyn Quigley; executive compensation and employee benefits partner Shawn Lampron; counsel Laura McIntyre; and associates Jonathan Stephenson and Melita Chan.
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