IPO Report: Klaviyo’s stock jumps almost 23% above IPO price. Here’s why it could set the tone for other tech debuts.


Share post:

Investors cheered Klaviyo Inc.’s Wall Street debut on Wednesday, with the digital-marketing software-as-a-service company’s stock opening 22.5% above its initial public offering price following warm receptions for two other high-profile IPOs in the past week.

Shares of Klaviyo KVYO pulled back slightly, however, to end Wednesday trading 9.2% higher at $32.25. The stock was down around 1% in the extended session.


Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles