Shares of Klaviyo, Arm, Instacart wobble, adding to doubts over revival in IPO market

Shares of Klaviyo, Arm, Instacart wobble, adding to doubts over revival in IPO market

Photo: REUTERS/Brendan McDermid/Files

Marketing automation firm Klaviyo‘s shares closed well below their first-day high on Wednesday, while a slump in the stocks of Arm Holdings and Instacart added to doubts over whether a hoped-for new-listings revival would materialise.