KLAVIYO: Opens Above IPO Price

By Staff Reporters

Klaviyo, the digital marketing software company popped more than 20% above its IPO price of $30/share during its first day of trading yesterday and ultimately ended the day 9% up. This performance will likely help other tech companies to feel confident enough to go public.

LINK: https://www.klaviyo.com/

But, for those keeping score of the IPO market at home, this week’s other high-profile, venture-backed market entrant, Instacart, fell yesterday after an initial bump following its Tuesday debut.

***

COMMENTS APPRECIATED

Thank You

***

***

DAILY UPDATE: Planet Fitness and Instacart

By Staff Reporters

***

***

Stocks slouched into the weekend as investors wait to see what happens at next week’s Fed meeting. Planet Fitness dropped after its board’s surprise decision to oust the CEO, who had led the gym chain for more than a decade.

***

Instacart is planning to price its IPO shares higher since Arm’s IPO went so well. The grocery delivery company will make its market debut on Tuesday.

***

COMMENTS APPRECIATED

Thank You

***