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The U.S. IPO market has been relatively sluggish this year with 149 IPOs. At the same time, disappointing stories outnumbered businesses that created value.
Klaviyo CEO Andrew Bialecki joins Caroline Hyde and Ed Ludlow to discuss his insights on Black Friday and Cyber Monday becoming global holidays, and why he is seeing consumers largely buying from the brands they love. He speaks on "Bloomberg Technology.
Klaviyo, Inc. shares have fallen to lows in the mid-twenties since going public in September. Concerns about realistic margins and slower growth raise caution about the company's value for shareholders. Klaviyo's platform helps businesses use their own data to create personalized consumer experiences, but uncertainties remain about operating margins and future growth.
First their initial public offerings fizzled in the days following their debuts. Now their earnings have disappointed.
Digital-marketing platform Klaviyo Inc. on Tuesday said it attracted more deep-pocketed customers and more customers overall during the third quarter, but its losses swelled and its fourth-quarter sales forecast came up short of Wall Street's estimates.
The company also provided a slightly better-than-expected revenue forecast for the December quarter.
Scotiabank analysts upgrade AT&T (T) stock from "Sector Perform" to "Sector Outperform." Merck (MRK) strikes a deal worth up to $22 billion with Japanese pharmaceutical company Daiichi Sankyo (4568.T) to jointly develop an antibody drug for cancer treatment.
Klaviyo's stock has dipped below its listing price, the latest disappointment for the initial public offering (IPO) space. The marketing automation firm now joins a string of high-profile companies whose IPOs were met with much fanfare, only to eventually slump, Bloomberg reported Friday (Oct. 20).
Klaviyo became the latest multibillion-dollar, newly public firm to sink below its initial public offering price, joining Arm, Birkenstock and Instacart.
BOSTON--(BUSINESS WIRE)--Klaviyo, Inc. (“Klaviyo”) (NYSE: KVYO), the company that powers smarter digital relationships, plans to announce its financial results for the third quarter of fiscal year 2023 after market close on Tuesday, November 7, 2023. Klaviyo will host a live audio webcast at 4:30pm ET (1:30pm PT) on Tuesday, November 7, 2023 to discuss the results. The news release with the financial results and a link to the webcast will both be accessible on Klaviyo's investor relations websi.