Robo-Adviser Wealthfront Files for IPO Showing Profit Drop (1)

Wealthfront Corp., a robo-advisory firm, filed publicly for an IPO amid a slew of fintech companies pursuing long-awaited listings.

The Palo Alto, California-based company had net income of $60.7 million on revenue of $175.6 million for the six months ended July 31, compared with net income of $132.3 million on revenue of $145.9 million a year earlier, according to a filing Monday with the US Securities and Exchange Commission.

The potential listing would follow those of fintech companies Klarna Group Plc and Chime Financial Inc. that moved ahead with IPOs in recent months as the market recovered from disruption ...