Wealthfront raises $485M in IPO valuing it at $2.6B

Wealthfront priced its IPO at $14 per share, raising about $485 million and valuing the company at roughly $2.6 billion on a fully diluted basis.

Why it matters: It's the latest test of investor appetite for consumer fintechs after Klarna, StubHub and Gemini slipped below their first-day closes.