Klaviyo prices IPO above range to raise $576 million: Reuters


Share post:

Andrew Bialecki, CEO and co-founder of Klaviyo, poses for a portrait in Boston on Sep. 5, 2019.

Barry Chin | Boston Globe | Getty Images

Marketing automation company Klaviyo Inc priced its initial public offering (IPO) on Tuesday above its indicated price range to raise $576 million, according to people familiar with the matter.

Klaviyo priced 19.2 million shares at $30 apiece, the sources told Reuters. The company revised its indicated IPO price range from $25-27 per share to $27-$29 per share on Monday.

At $30 per share, Klaviyo is worth about $9.2 billion on a fully diluted basis, according to Reuters.

Klaviyo declined to comment.

Source link


Related articles

UK regulator says it may clear Microsoft’s new Activision Blizzard takeover offer

Microsoft submitted a new proposal to U.K. regulators for the takeover of American game publisher Activision Blizzard...

New York is a tech startup hotbed after almost a decade of IPOs

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company's Dash conference in San Francisco on...

Amazon Prime Video ads start in 2024

Rafael Henrique | Lightrocket | Getty ImagesAds are coming to Amazon's Prime Video.The company announced Friday that...

Scooter company Bird delisted from NYSE, will trade over the counter

Woman rides a Bird e-scooter in southern California.Bird, a provider of electric scooters that consumers can rent...