Instacart and Arm shares fall premarket as all eyes turn to Klaviyo

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Instacart and Arm shares fall premarket as all eyes turn to Klaviyo
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Grocery-delivery app Instacart known officially as Maplebear Inc., fell 4% in premarket trade Wednesday, a day after the stock debuted on Wall Street with a...

Grocery-delivery app Instacart CART, +12.33%, known officially as Maplebear Inc., fell 4% in premarket trade Wednesday, a day after the stock debuted on Wall Street with a bang, opening 40% above where its initial public offering priced before easing later on — potentially paving the way for more IPOs after a two-year dry spell. Arm Holdings Plc. ARM, -4.88%, fell 1.8%.

the digital marketing company that priced its IPO late Tuesday above its proposed price range at $30. Klaviyo’s shares will start trading later Wednesday on the New York Stock Exchange, under the ticker ‘KVYO.’

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