Exclusive-Klaviyo leans towards raising IPO price range amid market euphoria-sources

📆 9/16/2023 2:41 AM
📰 ChannelNewsAsia

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NEW YORK : Marketing automation firm Klaviyo Inc is in advanced discussions to raise the indicative price range of its initial public offering (IPO), people familiar with the matter said on Friday, as strong investor demand emboldens stock market hopefuls.Klaviyo, which is seeking an $8 billion fully dilu

NEW YORK : Marketing automation firm Klaviyo Inc is in advanced discussions to raise the indicative price range of its initial public offering , people familiar with the matter said on Friday, as strong investor demand emboldens stock market hopefuls.

The IPO, which is scheduled to price on Tuesday, is nearly 20 times oversubscribed because of the investor demand, according to the sources. Klaviyo is the latest company to seek to raise its IPO price range. Grocery delivery app Instacart, which is also going public next week, raised its IPO price range on Friday to target a fully-diluted valuation of up to $10 billion.

Grocery delivery app Instacart, which is also going public next week, raised its IPO price range on Friday to seek a fully-diluted valuation of up to $10 billion.

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