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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