Klaviyo Prices IPO Above Range, Valued at $9.2 Billion as Shares Jump 23% in NYSE Debut

Klaviyo, a marketing automation software company, priced its IPO at $30 per share, above the initial range, valuing the company at $9.2 billion.
The company's shares jumped 23% in their NYSE debut as demand for the first major tech IPO since 2021 was strong.
Klaviyo helps e-commerce companies analyze data and send personalized marketing messages, delivering fast growth and turning a profit.
The IPO raised $576 million for Klaviyo and minted billionaires out of its founders.
With investors like Shopify and AllianceBernstein participating, Klaviyo's successful debut indicates a revival in the IPO market.