Personal Capital IPO
Personal Capital was a financial technology company that provided wealth management services and financial planning tools, combining robo-advisory services with human financial advisors. The platform offered portfolio tracking, investment management, and comprehensive financial planning for affluent investors. Personal Capital was acquired by Empower Retirement in 2020 for $1 billion.
What We Know
Personal Capital was acquired by Empower Retirement (formerly Great-West Financial) in August 2020 for approximately $1 billion. The acquisition eliminated any possibility of a Personal Capital IPO, as the company became part of Empower's broader retirement services platform. Prior to the acquisition, Personal Capital had been growing rapidly in the wealth management space, competing with other robo-advisors like Betterment and Wealthfront. The company managed over $12 billion in assets at the time of the acquisition and served more than 3 million users through its financial planning platform.
Frequently Asked Questions
Has Personal Capital had an IPO?
Personal Capital never had an IPO as an independent company. The wealth management platform was acquired by Empower Retirement in 2020 before going public.
When is the Personal Capital IPO date?
There will be no Personal Capital IPO as the company was acquired by Empower Retirement in 2020. The acquisition eliminated the possibility of an independent public offering.
How can I buy Personal Capital stock?
You cannot buy Personal Capital stock as it was acquired by Empower Retirement, which is owned by Great-West Lifeco. Great-West Lifeco trades on the Toronto Stock Exchange under the symbol GWO.
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