Deal Details

Klaviyo Completes $372.9 Million Follow-On Offering

Technology & Services

Klaviyo follow-on offering

Summary

Klaviyo, Inc. (“Klaviyo” or the “Company”) (NYSE: KVYO) recently completed a secondary public offering (the “Offering”) of 10,969,078 shares of its Series A common stock, by Andrew Bialecki, the Company’s CEO and co-founder, at a public offering price of $34.00 per share. The net proceeds will be used to cover tax obligations related to the exercise of his stock options, which are set to expire this year. Klaviyo will not receive any proceeds from the sale of the shares being offered by Mr. Bialecki.

Baird served as a co-manager on this Offering.

About

Klaviyo is the only CRM built for B2C brands. Powered by its built-in data platform and AI insights, the Company combines marketing automation, analytics and customer service into one unified solution, making it easy for businesses to know their customers and grow faster. Klaviyo (CLAY-vee-oh) helps relationship-driven brands like Mattel, Glossier, Core Power Yoga, Daily Harvest and 169,000+ others deliver 1:1 experiences at scale, improve efficiency and drive revenue. Klaviyo is headquartered in Boston, Massachusetts.

Technology & Services

Klaviyo follow-on offering