Markets
Klaviyo impresses on IPO debut in the US
The IPO is the third major US listing in the past week
Marketing and data automation provider Klaviyo rose 9.2 per cent in its trading debut on Wednesday after topping its goal to raise $576 million in an initial public offering that could set the pace for listings by other start-ups.
The IPO is the third major US listing in the past week, following grocery delivery company Instacart and Arm, the semiconductor designer owned by SoftBank Group, whose $5.23 billion IPO is the year’s biggest.
Opening day ...