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“Klaviyo stock surges 23% as investors cheer the 3rd IPO in a week”

“Klaviyo stock rallied as much as 23% after it debuted on Wednesday, following Instacart’s splashy IPO on Tuesday as well as Softbank-backed Arm’s launch last week.

The software company, founded in 2012, priced 19.2 million shares on Tuesday at $30 each, giving Klaviyo about a $9 billion valuation, fully diluted.

Shares pared gains and later changed hands at $34.50, about 15% higher from its IPO price. It is listed under the ticker “KVYO” on the New York Stock Exchange…”

https://finance.yahoo.com/news/klaviyo-stock-surges-23-investors-025117539.html

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