Fenwick represented Wealthfront (Nasdaq: WLTH), a tech-driven financial platform helping digital natives turn their savings into wealth, in its initial public offering of 34,615,384 shares of common stock at a public offering price of $14.00 per share.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the 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 offering. More information can be obtained from Wealthfront’s announcement.
Fenwick has advised Wealthfront since the company’s formation in 2007. The Fenwick team was led by corporate partners Michael Brown, Ran Ben-Tzur, Chelsea Anderson and Ari Haber and included 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.