Siasun Robot & Automation consultant Wealthfront (WLTH.US) applies for IPO in the US, sharp decrease in net profit draws attention.

On September 29, 2025, Siasun Robot&Automation consulting company Wealthfront Corp. (WLTH.US) officially submitted an IPO application to the U.S. Securities and Exchange Commission, aiming to list on the Nasdaq market. According to their submission, for the six months ending on July 31, 2025, the company had revenue of $1.756 billion and net profit of $60.7 million; compared to revenue of $1.459 billion and net profit of $132.3 million for the same period last year. The net profit for the period includes a tax provision of $13.3 million, while they enjoyed a tax benefit of $54.1 million in the same period in 2024; adjusted EBITDA still increased by 16% year-on-year. As of July 31, the platform assets reached $88.2 billion. As a financial technology company known for its automated investment platform and high-yield savings accounts, Wealthfront's IPO plan follows the industry trend - prior to them, Klarna Group (KLAR.US), and Chime Financial (CHYM.US) advanced their IPOs after recovering from the tariff impact of the Trump administration in the market, this month Lendbuzz Inc. and Ethos Technologies Inc. also submitted IPO applications. It's worth noting that UBS Group AG attempted to acquire Wealthfront for $1.4 billion in 2022 to expand its high net worth customer base, but the deal was terminated the same year. According to the filing, Wealthfront's investors include Tiger Global Fund (pre-IPO ownership of 19.7%), DAG Ventures (12.3%), and Index Ventures (11.5%). The IPO will be led by Goldman Sachs Group, Inc. and J.P. Morgan. The company had secretly submitted an IPO application in June this year, and this public filing marks the official start of the listing process.