Klaviyo, Inc. announced the pricing of its secondary offering of 10,969,078 shares of its Series A common stock, par value $0.001 per share, at a public offering price of $34 per share. Goldman Sachs & Co. LLC, Morgan Stanley, and Citigroup are acting as the joint lead bookrunning managers for the offering. Barclays, Mizuho and William Blair are acting as joint book runners; and Piper Sandler and Truist Securities are acting as book runners. Baird, Canaccord Genuity, Needham & Company, KeyBanc Capital Markets, and Stifel are acting as co-managers. The offering is expected to close on May 16, 2025, subject to customary closing conditions.
Sidley is representing the underwriters in the offering, with a deal team being led by Frank Rahmani, Sam Gandhi, Natalie Karam, and Helen Theung (Capital Markets), and including Kayla West, Samantha Carvalho, and Alexia Beatriz (Capital Markets); Rachel Kleinberg, Jonathan Westreich, and Alex Afriat (Tax); Colleen Theresa Brown, Mitchell Noordyke, and Tasneem Mewa (Privacy and Cybersecurity); Corey Perry and Eric Winwood (Employee Benefits and Executive Compensation); Kyle Barnett (Technology and Life Sciences Transactions); and Benjamin Nager (Securities Enforcement and Regulatory).
