Shares of Klaviyo Inc. 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 sold 19.2 million shares in its IPO, which priced at $30 a share, which was above the expected range. Klaviyo raised $345.2 million in the IPO, as it sold 11.51 million shares, while selling shareholders sold 7.69 million shares.
The…