Reward 1000 Tiger-coins$Klaviyo, Inc.(KVYO)$ IPO pricing $30
Values at $9B, raising $576M
Klaviyo is a marketing software company, backed by $Shopify(SHOP)$ , specializing in email and other marketing channels. Most merchants on Shopify needs to use Klaviyo for email marketing.
Will $Klaviyo, Inc.(KVYO)$ present worst debut performance amid FOMC tonight?
Some investors think that KVYO is not worth $9 Billion, and expects it to be the worst performing IPO this year.
It’s closely connected to $Shopify(SHOP)$ . But Chinese e-commerce company and TikTok shopping may become mainstream.
At what price will you buy $Instacart, Inc. (Maplebear Inc.)(CART)$ ?
CART priced at $30 and rose 12% to $33 on its debut yesterday. But CART lose 5% before the bell as of writing.
Some investors sat that this company will be fluctuating a lot in this economy as it is completely consumer discretionary.
Bears call for $15 while some even say $5 price target.
While others believe that people use $Instacart, Inc. (Maplebear Inc.)(CART)$ more frequently than $Carvana Co.(CVNA)$ and $Airbnb, Inc.(ABNB)$ in their everyday life.
If you join the IPO, will you buy chip $ARM Holdings Ltd(ARM)$, grocery delivery $Instacart, Inc. (Maplebear Inc.)(CART)$ or e-commerce marketing $Klaviyo, Inc.(KVYO)$ ?
Will KVYO present worst debut?
Bullish on SHOP business or not?
At what price will you buy CART?
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🌟🌟🌟$Klaviyo, Inc.(KVYO)$ share price surged 32% in its New York trading debut, making it the 3rd technology company to successfully list its shares in the markets. Today Klaviyo share price is up 9% despite the broad sell off after the Feds announced that interest rates are on hold but there will be 1 more rate hike by year end.
Klaviyo helps businesses communicate with their customers through automated emails and text messages, with most of its clients using$Shopify(SHOP)$
Shopify has invested USD 100 million into Klaviyo last year and had a 11% stake before the IPO.
Klaviyo earned USD 472 million in revenue in 2022, representing a 63% growth over the previous year. Klaviyo booked a net loss of USD 49 million for 2022 but turned a USD 15 million profit on USD 320 million in revenue for the 6 months ending June 2023.
Both $Arm Holdings(ARM)$ and $Instacart, Inc. (Maplebear Inc.)(CART)$ share prices have popped on their trading debut but have since given back most of their gains.
In the current volatile markets, I would stay away from IPOs. There is a lot of hype in the early days of trading IPOs. High risk, high rewards is the name of the game. But like a champagne bubble, IPOs tend to fizzle out after the initial euphoria.
I prefer to invest in quality stocks like $Apple(AAPL)$
$Microsoft(MSFT)$
and watch them grow exponentially in the long term. Investing is not a Get Rich overnight kind of thing but a Slow and Steady Wins the Race journey for me.
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