Klaviyo (NYSE:KVYO), a provider of marketing and data automation services, has priced its initial public offering (IPO) above the initial range and successfully raised $576 million in the third-largest listing in the United States in a week.

Klaviyo and a group of its current investors sold 19.2 million shares on Tuesday at $30 each, after setting a price range of $27 to $29 per share, according to an official statement confirming a Bloomberg News report. At the IPO price, the Boston-based company achieved a valuation of approximately $9 billion.

The stock sale follows the Tuesday trading debut of online grocery delivery company Instacart, whose shares rose 12% after its $660 million IPO. Both companies are following in the footsteps of Arm Holdings, a semiconductor designer owned by SoftBank, which conducted the largest US IPO of the year at $5.23 billion and saw a 25% increase in its debut.

Like Arm and Instacart, Klaviyo has attracted top-tier investors. BlackRock and AllianceBernstein have expressed interest in purchasing up to $100 million of the initial offering shares, according to Klaviyo’s filings with the US Securities Exchange Commission.

Klaviyo reported a net profit of approximately $15 million on revenue of $321 million in the first six months of the year, compared to a loss of $25 million on revenue of $208 million in the same period last year, according to the filing.

The company’s investors include growth capital firm Summit Partners, e-commerce platform Shopify, and venture capital firms Accomplice and Accel. Summit is selling 4.9 million shares in the IPO, while Accomplice is selling nearly 1.8 million.

The largest shareholder in Klaviyo will remain co-founder and CEO Andrew Bialecki, who will control 39% of voting power, followed by Summit with 21%, according to the filings.

The offering is being led by Goldman Sachs Group, Morgan Stanley, and Citigroup. Klaviyo’s shares are scheduled to begin trading on Wednesday on the New York Stock Exchange under the symbol KVYO.