- Klaviyo (KVYO, Financial) announces pricing of secondary offering of 10,969,078 shares.
- The shares are being sold by CEO Andrew Bialecki at $34.00 each.
- The offering is expected to close on May 16, 2025, subject to customary conditions.
Klaviyo, Inc. (KVYO), renowned as a customer relationship management platform tailored for consumer brands, revealed the pricing for an underwritten public secondary offering involving 10,969,078 shares of its Series A common stock. This offering is being conducted by the company's CEO and co-founder, Andrew Bialecki, at a public offering price of $34.00 per share. The purpose of this sale is to address tax obligations linked to his stock option exercises, which are set to expire this year.
Importantly, Klaviyo will not receive any proceeds from these shares sold by Mr. Bialecki. The offering is anticipated to close on May 16, 2025, pending the fulfillment of customary closing conditions. The financial institutions Goldman Sachs & Co. LLC, Morgan Stanley, and Citigroup are spearheading the offering as joint lead bookrunning managers, with additional support from Barclays, Mizuho, and William Blair among others.
A registration statement concerning the Series A Common Stock shares was submitted to the Securities and Exchange Commission (SEC) on February 19, 2025, and was made effective immediately. The offering is being conducted solely through a prospectus supplement combined with an accompanying prospectus. These documents are accessible via the SEC’s website or by contacting Goldman Sachs, Morgan Stanley, or Citigroup directly.
