Klaviyo

Canaccord Genuity Acts as Co-Manager to Klaviyo on its US$576 Million Initial Public Offering

Canaccord Genuity is pleased to announce it has acted as Co-Manager to Klaviyo, Inc. (“Klaviyo”), (NYSE: KVYO), the company that powers smarter digital relationships, on the pricing of its initial public offering of 19,200,000 shares of its Series A common stock at an initial public offering price of $30.00 per share. The offering consists of 11,507,693 shares of Series A common stock offered by Klaviyo and 7,692,307 shares of Series A common stock to be sold by certain of Klaviyo’s existing stockholders.

In addition, the underwriters will have a 30-day option to purchase up to an additional 2,880,000 shares of Series A common stock from certain of the selling stockholders at the initial public offering price, less underwriting discounts, and commissions. The gross proceeds to Klaviyo from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Klaviyo, are expected to be approximately $345.2 million. Klaviyo will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “KVYO” on September 20, 2023. The offering is expected to close on September 22, 2023, subject to customary closing conditions.

​​​​​​​Klaviyo (CLAY-vee-oh) powers smarter digital relationships, making it easy for businesses to capture, store, analyze, and predictively use their own data to drive measurable, high-value outcomes. Klaviyo’s modern and intuitive SaaS platform enables business users of any skill level to harness their first-party data from more than 300 integrations to send the right message at the right time across email, SMS, and push notifications. Innovative businesses like SKIMS, Good American, Dermalogica, Supergoop! and more than 130,000 other paying users leverage Klaviyo to acquire, engage, and retain customers—and grow on their own terms.