Klaviyo, Inc. announces the commencement of an underwritten public offering of 6,500,000 shares of its Series A common stock.
The offering is being made by entities affiliated with Summit Partners, L.P.
Barclays is serving as the underwriter for the offering.
Offering Details
6,500,000 shares of Series A common stock offered by Selling Stockholders.
Underwriter
Barclays is acting as the underwriter for the offering.
Registration Statement
A registration statement on Form S-3 was filed with the SEC on February 19, 2025.
Forward-Looking Statements
The press release includes forward-looking statements regarding the completion of the offering.
- Klaviyo's decision to launch a secondary offering demonstrates confidence in the company's growth prospects.
- The underwritten public offering indicates a strategic move by Klaviyo to access additional capital for potential business expansion.
The proposed secondary offering of Series A common stock by Klaviyo marks a significant development in the company's financial strategy, showcasing its commitment to growth and expansion in the B2C market.