Klaviyo could break the unicorn IPO logjam
Klaviyo could be the torch bearer tech startups have been waiting for. Let's dig into its IPO filing this morning to figure out how it's grown.
[ sourced from TechCrunch
This is the best summary I could come up with:
Grocery delivery service Instacart dropped its Form S-1 filing along with Klaviyo, a marketing software company from Boston.
Here’s an inside look at Klaviyo’s origins, how it’s grown over the years, the trade-offs it made, how email marketing is evolving, and more:
Declining tech valuations on the stock market and changing investor sentiment put IPOs on hold.
To get things rolling again, everyone’s been saying that tech companies need a winning IPO to be inspired by.
Instacart fit the bill only partially since it’s more of a delivery company than a pure-play software business.
Klaviyo, however, is a shockingly efficient software business that is profitable and growing quickly.
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