Wealthfront's Public Debut: A Long-Term Investment Success

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.