Automated digital wealth management company Wealthfront's stock closed up 1.36% in its Nasdaq debut, valuing it at ~$2.7B, after raising $486M in its IPO (Andrew Welsch/Barron's Online)

• Automated digital wealth management company Wealthfront made its Nasdaq debut with its stock closing up 1.36%, which values the company at approximately $2.7 billion after raising $486 million in its initial public offering (IPO). The stock trades under the ticker symbol WLTH.
• This successful IPO indicates strong investor confidence in Wealthfront's business model and growth potential in the automated wealth management sector, positioning the company favorably in a competitive market as it seeks to expand its services and client base.

— via World Pulse Now AI Editorial System