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Shares of Root Inc closed flat in their Nasdaq debut on Wednesday, marking a muted open for the automobile insurance startup after it raised around $724 million in its initial public offering (IPO).

Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said.

Root, Inc. (NASDAQ:ROOT) is one of the most undervalued financial stocks to buy according to Wall Street analysts.

These two fintechs are experiencing solid growth, but one stands out as a better investment opportunity right now.