Klaviyo, Inc. has announced the commencement of an underwritten public offering of 6,500,000 shares of its Series A common stock.
Entities affiliated with Summit Partners, L.P. are selling the shares of Series A Common Stock.
The Company will not receive any proceeds from the sale of shares by the Selling Stockholders.
Offering Details
6,500,000 shares of Series A common stock are offered by Selling Stockholders, with an option for additional 975,000 shares.
Underwriter
Barclays is acting as the underwriter for the offering.
Market Conditions
The offering is subject to market conditions, and the actual size or terms of the offering are uncertain.
- The announcement of the secondary offering may impact Klaviyo's stock price and market perception.
- The underwriter, Barclays, will play a crucial role in executing the offering and determining the selling price of the shares.
Investors should closely monitor the developments of the secondary offering and consider its potential impact on Klaviyo's stock performance.