Marketing Automation Firm Klaviyo Prices $576M IPO Above Range, Raising $9.2B Valuation Amid IPO Market Revival

Klaviyo, a marketing automation company, priced its IPO above range and raised $576 million, giving it a $9.2 billion valuation.
The IPO comes on the heels of smooth debuts for Arm Holdings and Instacart, marking a revival in the IPO market.
BlackRock and AllianceBernstein have agreed to buy up to $100 million each in Klaviyo's IPO.
Founded in 2012, Klaviyo helps e-commerce brands store and analyze data to send personalized marketing messages.
A successful debut for Klaviyo would underscore the IPO market's recovery after being on ice for nearly 18 months.

reuters.com

Relevant topic timeline:

8/25/2023

Klaviyo files to go public in latest sign of life for IPO market

Data and marketing automation company Klaviyo plans to list on the New York Stock Exchange and join the public markets, following in the footsteps of Instacart, as it aims to tap into an IPO window that has been mostly closed since late 2021.

8/25/2023

Marketing firm Klaviyo discloses revenue growth, profitability in IPO filing

Data and marketing automation firm Klaviyo has filed paperwork for its initial public offering (IPO), revealing significant revenue growth and profitability in its recent quarter.

8/25/2023

Klaviyo And Instacart File Going-Public Plans, Kickstarting IPO Market

Main topic: Grocery delivery company Instacart and marketing and data automation startup Klaviyo file IPO plans in 2023. Key points: 1. Instacart has experienced fluctuations in valuation but reveals profitability with $1.48 billion in revenue in H1 2023. 2. Klaviyo is profitable, with a 51% increase in revenue in the most recent quarter. 3. Both companies are seen as potential indicators of a rebound in the startup IPO market.

8/28/2023

Tech IPOs are coming back — now they have to perform

Grocery delivery startup Instacart, data and marketing automation company Klaviyo, and chip designer Arm have filed for stock market debuts, representing a test of the excitement level among public market investors for new opportunities and potentially encouraging other companies to go public in the fourth quarter.

9/15/2023

Marketing Automation Firm Klaviyo Raises IPO Price Range to $8B Valuation Amid High Investor Demand

Marketing automation firm Klaviyo is in talks to raise the price range of its upcoming IPO due to strong investor demand, with the IPO being nearly 20 times oversubscribed.

9/18/2023

Marketing Automation Firm Klaviyo Boosts Target IPO Price Range, Aims for $9B Valuation Amid Tech IPO Rebound

Klaviyo raises the proposed price range of its shares in its initial public offering, targeting a valuation of up to $9 billion.

9/20/2023

Stocks of Recent Tech IPOs Plunge Below Offer Prices Amid Market Turmoil

Klaviyo's shares closed below their first-day high, casting doubt on the revival of the IPO market, while Arm Holdings and Instacart also experienced stock slumps due to concerns over high interest rates and declines in the U.S. stock market.

Topics

Posted 9/20/2023, 10:21:00 AM

Marketing Automation Firm Klaviyo Prices $576M IPO Above Range, Raising $9.2B Valuation Amid IPO Market Revival

Klaviyo, a marketing automation company, priced its IPO above range and raised $576 million, giving it a $9.2 billion valuation.
The IPO comes on the heels of smooth debuts for Arm Holdings and Instacart, marking a revival in the IPO market.
BlackRock and AllianceBernstein have agreed to buy up to $100 million each in Klaviyo's IPO.
Founded in 2012, Klaviyo helps e-commerce brands store and analyze data to send personalized marketing messages.
A successful debut for Klaviyo would underscore the IPO market's recovery after being on ice for nearly 18 months.

reuters.com

Relevant topic timeline:

8/25/2023

Klaviyo files to go public in latest sign of life for IPO market

8/25/2023

Marketing firm Klaviyo discloses revenue growth, profitability in IPO filing

Data and marketing automation firm Klaviyo has filed paperwork for its initial public offering (IPO), revealing significant revenue growth and profitability in its recent quarter.

8/25/2023

Klaviyo And Instacart File Going-Public Plans, Kickstarting IPO Market

8/28/2023

Tech IPOs are coming back — now they have to perform

9/15/2023

Marketing Automation Firm Klaviyo Raises IPO Price Range to $8B Valuation Amid High Investor Demand

Marketing automation firm Klaviyo is in talks to raise the price range of its upcoming IPO due to strong investor demand, with the IPO being nearly 20 times oversubscribed.

9/18/2023

Marketing Automation Firm Klaviyo Boosts Target IPO Price Range, Aims for $9B Valuation Amid Tech IPO Rebound

Klaviyo raises the proposed price range of its shares in its initial public offering, targeting a valuation of up to $9 billion.

9/20/2023

Stocks of Recent Tech IPOs Plunge Below Offer Prices Amid Market Turmoil