It seemed like companies couldn't wait to go public in 2020 and 2021 when unbridled market optimism saw initial public offerings (IPOs) fetch huge valuations from investors. But times have changed, and it's been quiet for most of the past two years.

However, marketing automation platform Klaviyo (NYSE: KVYO) had its IPO last month and represents an exciting potential investment idea, even if it's among a small selection of IPO stocks to choose from.

I've taken a deep dive into this lesser-known software stock to paint the picture for you. Here is why Klaviyo can be a long-term winner in a sparse class of IPOs.

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Source Fool.com