Klaviyo closes up 9.2% in its New York Stock Exchange debut, valuing the Shopify-backed e-commerce marketing company at $9.9B on a fully diluted basis
but Important—IPO — We tend to lionize founders who start companies with the splashiest … Fortune : A day after a blockbuster debut, Instacart's shares go in reverse and briefly sink below their IPO price Nick Bonyhady / Australian Financial Review : Klaviyo marks run of three successful tech IPOs Jeremy Goldman / Insider Intelligence : Klaviyo's IPO seeks to capitalize on email marketing's enduring importance Maria Deutscher / SiliconANGLE : Klaviyo shares close up 9% in trading debut after $576M IPO Bloomberg : Why There's More Riding on Klaviyo's IPO Than Instacart or Arm Australian Financial Review : Shopify-backed Klaviyo rises as much as 32pc on debut Melia Russell / Insider : Klaviyo's IPO gives CEO Andrew Bialecki a stake worth $3.6 billion. Here are the others getting rich. David Marino-Nachison / Wall Street Journal : Klaviyo's Stock Closes Higher on IPO Day Denny Jacob / Wall Street Journal : Klaviyo Shares Soar in Debut, Pointing to IPO Resurgence Bloomberg : Early Klaviyo Investor Weighs In on IPO Aleksandra Sagan / The Logic : Klaviyo shares open strong in market debut Anusuya Lahiri / Benzinga : Marketing Automation Provider Klaviyo Stock Shoots Higher On Trading Debut Bloomberg Podcasts on YouTube : Klaviyo CEO Andrew Bialecki Talks IPO | Bloomberg Talks Stock Market News : Klaviyo Set for Strong Wall Street Debut With Shares Potentially 20% Above IPO Price Dan Primack / Axios : Klaviyo goes public, setting stage for SaaS IPO rush MarketWatch : Klaviyo's stock jumps almost 23% above IPO price. Here's why it could set the tone for other tech debuts. Diana Li / Washington Post : Klaviyo IPO Mints $3.4 Billion Fortune for Harvard Physicist CNBC : Klaviyo shares open at $36.75 in NYSE debut The Global Herald : Klaviyo shares open at $36.75 in NYSE debut Sam Becker / Fast Company : Klaviyo cofounder Ed Hallen talks about why now was the right time to IPO Maria Deutscher / SiliconANGLE : Klaviyo shares rise 8%+ in trading debut after $576M IPO Melia Russell / Insider : ‘Be a disciplined company.’ How Klaviyo broke the IPO dry spell, according to its CEO. Kenrick Cai / Forbes : Klaviyo Mints Two Billionaire Founders As Stock Pops 23% Joanna Glasner / Crunchbase News : Klaviyo Shares Hop 9% In NYSE Debut Marking Week's 2nd Major Startup IPO Alex Wilhelm / TechCrunch : Klaviyo's strong IPO pricing should give unicorns an idea of what they are worth Diana Li / Bloomberg : Klaviyo IPO Forges $3 Billion Fortune for Harvard Physicist Niket Nishant / Reuters : Klaviyo prepares for US market debut after pricing IPO above range X: Sar Haribhakti / @sarthakgh : Founding CEO Andrew Bialecki owns 39% of Klaviyo! Cofounder Hallen owns ~14%. That's more than 50% of a $10 billion public company owned by founders. And the company is just a little over a decade old. Wild!