Klaviyo IPO Raises $576 Million in Third Big US Listing (2)

Marketing and data automation provider Klaviyo Inc. priced its initial public offering above a marketed range to raise $576 million in the third major US listing in a week.

Klaviyo and a group of its current investors sold 19.2 million shares Tuesday for $30 each, after marketing them for $27 to $29 each, according to a statement confirming an earlier report by Bloomberg News. At the IPO price, the Boston-based company has a fully diluted value of about $9 billion.

The share sale comes on the heels of Tuesday’s trading debut by online grocery delivery company Instacart, whose shares ...