Klaviyo files for IPO, seeks $6.8 billion valuation

Klaviyo Inc filed for an initial public offering (IPO), aiming to raise up to $310.7 million and potentially valuing the marketing-automation software company at around $6.80 billion.

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 19.2 million shares in the IPO, with 11.5 million shares coming from the company itself and 7.7 million 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 $15.2 million on revenue of $321.7 million, a significant improvement from a net loss of $24.6 million on revenue of $208.3 million during the same period in the previous year.

By Senad Karaahmetovic

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