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Klaviyo is a marketing-automation software company, which helps businesses, particularly e-commerce companies, manage and optimize their marketing efforts. Klaviyo’s platform offers a range of tools and features for email marketing, customer segmentation, data analytics, and campaign management.
The company firm plans to offer 19.2M shares in the IPO, with 11.5 million shares coming from the company itself and 7.7M shares from selling shareholders.
The expected IPO price range is set at $25 to $27 per share.
Klaviyo intends to list on the New York Stock Exchange under the ticker symbol “KVYO,” with Goldman Sachs, Morgan Stanley, and Citigroup serving as the lead underwriters.
For the first half of the year ending June 30, Klaviyo reported a net income of $15.2M on revenue of $321.7M, a significant improvement from a net loss of $24.6M on revenue of $208.3M during the same period in the previous year.
