Klaviyo marks run of three successful tech IPOs, peers give back gains

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Marketing and data automation provider Klaviyo rose, mirroring the fast trading starts of Instacart and Arm Holdings the past week.

Klaviyo shares surged 32 per cent in its New York trading debut, making the marketing software company the third technology firm to successfully list this fortnight even as those preceding it have given up much of their gains.

, with the seesawing results showing why Australian technology investors have been positive but guarded about the listings. He said the Instacart listing could augur well for logistics firms such as 4You, a courier app in which Tidal has a stake, and Klaviyo could be good for e-commerce.

 

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Shopify-backed Klaviyo rises as much as 32pc on debutMarketing and data automation provider Klaviyo rose, mirroring the fast trading starts of Instacart and Arm Holdings the past week.
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