Klaviyo is discussing with its IPO underwriters the possibility of selling shares at $29 or $30 apiece, sources told Reuters.
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Marketing automation company Klaviyo Inc priced its initial public offering on Tuesday above its indicated price range to raise $576 million, according to people familiar with the matter. Klaviyo priced 19.2 million shares at $30 apiece, the sources told Reuters. The company revised its indicated IPO price range from $25-27 per share to $27-$29 per share on Monday.
At $30 per share, Klaviyo is worth about $9.2 billion on a fully diluted basis, according to Reuters.
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