Shopify-Backed Klaviyo to Start Trading in Third Biggest Listing

Marketing and data automation provider Klaviyo Inc.is set to start trading Wednesday after pricing its initial public offering above a marketed range to raise $576 million in the third major US listing in a week.

Shares were indicated to open between $34 and $36, at least 13% above the IPO price set on Tuesday.

Klaviyo and a group of its current investors sold 19.2 million shares for $30 each after earlier 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 ...