Klaviyo Prices Its Initial Public Offering Of 19.2M Common Shares At Of $30/Share
Portfolio Pulse from Benzinga Newsdesk
Klaviyo has priced its initial public offering (IPO) of 19.2 million common shares at $30 per share. The offering includes 11.5 million shares offered by Klaviyo and 7.7 million shares to be sold by existing stockholders. The gross proceeds from the offering are expected to be around $345.2 million, before deductions.
September 20, 2023 | 7:11 am
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Klaviyo's IPO pricing at $30 per share could attract investors, potentially leading to a short-term increase in stock price.
The pricing of an IPO can significantly impact a company's stock price in the short term. If investors perceive the price as fair or undervalued, it could lead to increased demand and a rise in the stock price. Given that Klaviyo's IPO is priced at $30 per share, it could attract investors, potentially leading to a short-term increase in the stock price.
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