Klaviyo breaks Boston tech’s two-year IPO drought. What does that mean for the economy?

  • Aaron Pressman--The Boston Globe
  • published date: 2023-09-20 22:11:44 UTC

In its first day of trading on the New York Stock Exchange Wednesday, Klaviyo’s stock closed at $32.76, giving it a valuation of about $10 billion.

But the debut of Klaviyo (pronounced clay-vee-oh), alongside the successful IPOs of San Francisco-based grocery delivery service Instacart on Tuesday and British chip designer Arm last week, could in… [+4797 chars]