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Marketing Automation Provider Klaviyo Stock Shoots Higher On Trading Debut

Marketing and data automation provider Klaviyo Inc (NYSE: KVYO) stock is trading higher by 16% on its trading debut. The company priced its initial public offering above expectations, raising $576 million. Klaviyo's shares opened at $36.75, beating the market expectations of $34 - $36. The IPO saw Klaviyo and some of its current investors sell 19.2 million shares for $30 each, surpassing their earlier marketing range of $27 to $29 per share. This development gives the Boston-based company a...
United States Andrew Bialecki Klaviyo Inc Goldman Sachs Group Inc Blackrock Inc Maplebear Inc
Source: yahoo.com

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