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Klaviyo Increases Its IPO Pricing Range With A Target Valuation Of $9 Billion

Following an increase in the planned price range for its shares in a filing on Monday, Klaviyo is aiming for a fully diluted valuation of up to $9 billion in its initial public offering.

In its filing, the marketing automation company revised its earlier prediction of a price range of $25 to $27 to a range of $27 to $29 for its first public offering. Last week, Klaviyo announced the start of its first public offering (IPO), and it intends to list shares on the New York Stock Exchange under the symbol “KVYO.”

Klaviyo’s IPO follows a long period of only a few notable venture-backed IT IPOs. It comes after the announcement of Instacart’s IPO and the launch of Arm, providing an early indication that tech IPOs may be on the rise once more. Depending on how Klaviyo, Instacart, and Arm fare, other digital firms may decide to follow their lead.

Source (CNBC)

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