Dec 12 (Reuters) – Wealthfront’s shares opened flat in their Nasdaq debut ‍on Friday, valuing the automated digital wealth management company at $2.63 billion on a fully ‌diluted basis.

The Palo ‌Alto, California-based company’s stock opened at $14 apiece.

Wealthfront and some of its existing shareholders raised $484.6 million in its initial public offering ‍on Thursday after selling 34.6 million shares at the ‍top end of its $12 to $14 marketing range.

Despite tariff anxieties earlier in the year and the ‍longest government shutdown on record in October, the U.S. ‍IPO ‍market has stayed robust in 2025.

Goldman ⁠Sachs, J.P. Morgan and ‌Citigroup were among the underwriters for the offering.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Sahal ⁠Muhammed)

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