STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Echo Wang and Anirban Sen
Klaviyo, which is seeking an $8 billion fully diluted valuation at the midpoint of its $25-$27 range, is in talks with its IPO underwriters about raising that range, the sources said. A final decision on the matter is expected over the weekend, the sources added. The sources cautioned that the deliberations were ongoing and asked not to be identified because the matter is confidential. Klaviyo declined to comment.
A rally in the shares of Arm Holdings Plc this week has lifted market spirits. The chip designer floated on Nasdaq on Thursday at a $54.5 billion valuation and is now worth $65 billion, on a fully diluted basis.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: