The digital wealth management firm has been pondering the next stage of its development for some time.

Wealthfront, one of the original “robo advisors,” has launched its roadshow for its proposed initial public offering of its common stock, involving 21,468,038 shares of common stock being offered by the firm and 13,147,346 shares of common stock offered by existing stockholders. 

The IPO price is expected to be between $12.00 to $14.00 per share, Wealthfront said in a statement. 

Wealthfront has been mulling the next stage of its development for some time. In September 2022, UBS called off its plan to acquire Wealthfront. (See here for the original announcement.) Together, the companies decided to end their January merger agreement, valued at $1.4 billion. Instead, UBS bought a $69.7 million note convertible into Wealthfront shares.

Goldman Sachs and JP Morgan are acting as lead book-running managers for the proposed offering. Citigroup, Wells Fargo Securities, and RBC Capital Markets are acting as active book-running managers, and Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and KeyBanc Capital Markets are acting as co-managers for the proposed offering.