Marketing automation company Klaviyo was set to list its shares on the New York Stock Exchange on Wednesday, in a third big test for the market for new issues following smooth debuts of Arm Holdings and Instacart .
on Tuesday, raising $576 million in proceeds, part of which will go to existing investors who cashed out some of their holdings.and AllianceBernstein have agreed to buy up to $100 million worth of shares each, accounting for a big chunk of the total IPO proceeds.
A successful debut of Klaviyo would underscore a revival in the IPO market, which has been on ice for nearly 18 months after the end of an easy-money regime prompted investors to question the valuations of high-flying startups.
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Klaviyo raises IPO price range, aiming for $9 billion valuationThe marketing automation company estimated in the filing that its IPO price to fall between $27 and $29, up from the $25 to $27 range it previously estimated.
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Klaviyo prices IPO above range to raise $576 million: ReutersKlaviyo is discussing with its IPO underwriters the possibility of selling shares at $29 or $30 apiece, sources told Reuters.
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Klaviyo Prices IPO At $30 a ShareThe third in a flurry of recent tech IPOs, the software marketing firm priced its offering at the top of the expected range.
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Klaviyo Prices Its IPO at $30 a ShareThe third in a flurry of recent tech IPOs, the software marketing firm priced its offering at the top of the expected range.
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Klaviyo prices IPO at $30: reportsThe digital automated marketing platform Klaviyo has priced its IPO at $30, above its expected range, according to reports on Tuesday from Bloomberg and...
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