Klaviyo dips below IPO price for first time

Klaviyo

19/10/2023 20:29

NEW YORK, Oct 19 (Reuters) - Shares in Klaviyo Inc
 KVYO.N  dipped below its $30 initial public offer price on
Thursday for the first time since its Sept. 20 trading debut on
the New York Stock Exchange.
    The stock last traded down 2.2% at $30.00 after touching a
low of $29.99 during the session. It has been unable to return
to its intraday trading record high of $39.47, reached on its
first day of trading. 
     

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897))