Klaviyo, Inc. announced the pricing of an underwritten public offering of 6,500,000 shares of its Series A common stock by certain existing stockholders. Barclays is acting as the underwriter for the offering. In addition, the Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 975,000 shares. The offering is expected to close on August 21, 2025, subject to customary closing conditions.
Sidley is representing the underwriter in the offering, with a deal team being led by Frank Rahmani, Sam Gandhi, Natalie Karam, and Helen Theung (Capital Markets), and including 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 Ben Nager (Securities Enforcement and Regulatory).
