KVYO Stock Recent News

Shares of Klaviyo (KVYO) popped on its trading debut on the New York Stock Exchange. Klaviyo Co-Founder and CEO Andrew Bialecki tells Yahoo Finance the company is really "just getting started" but that its IPO is "a huge milestone.

Marketing automation firm Klaviyo's shares closed well below their first-day high on Wednesday, while a slump in the stocks of Arm Holdings and Instacart added to doubts over whether a hoped-for new-listings revival would materialize.

Klaviyo stock soared on its debut Wednesday, within days of Instacart and Arm's initial public offerings.  The software company priced 19.2 million shares at $30 each, valuing the company at over $9 billion.

Klaviyo rallied about 23% as it debuted on the New York Stock Exchange today – a day after it priced its initial public offering at $30 a share. Klaviyo is already a profitable company The marketing automation company raised $345 million in cash via the IPO that valued it at a bit over $9.0 billion.

Klaviyo went public on Wednesday after raising $576 million in its IPO. Shares opened at $36.75 apiece.

The firm, which stores and manages customer data for business-to-consumer brands, priced its IPO offering of 19.2 million shares at $30 each.

Shares of Klaviyo Inc. KVYO were cheered in their Wall Street debut, as the digital marketing software-as-a-service company's stock opened 22.5% above its initial public offering price. The company's sold 19.2 million shares in its IPO, which priced at $30 a share.

Software developer Klaviyo debuted on the New York Stock Exchange on Wednesday, a day after Instacart started trading on the Nasdaq

Ed Hallen, Klaviyo co-founder, and Andrew Bialecki, Klaviyo co-founder and CEO, join 'Squawk on the Street' to discuss the company's initial public offering, what the company's name means, and how the company operates.

Klaviyo Inc. KVYO looks set to continue the trend of upbeat Wall Street debuts, as the profitable digital marketing software-as-a-service company's stock is indicated to open up to 20% above the initial public offering price. The company said late Tuesday that its IPO of 19.2 million shares priced at $30 a share, above the expected range.