When Did Klaviyo Go Public? Key IPO Details and Dates

Klaviyo, the powerhouse email marketing platform, recently made waves with its highly anticipated IPO. As a marketer or business owner, understanding the timeline and details of Klaviyo's public offering can provide valuable insights into the company's growth and future prospects.

In this comprehensive guide, we'll dive into the key dates, pricing, and valuation of Klaviyo's IPO, giving you a clear picture of this significant milestone in the company's history. Get ready to explore the exciting journey of Klaviyo going public and what it means for the world of email marketing.

Klaviyo's IPO Timeline: From Confidential Filing to NYSE Debut

Klaviyo, the email marketing platform powering digital relationships for over 130,000 businesses, made its highly anticipated debut on the public markets in 2023. Let's take a look at the key milestones in Klaviyo's journey to becoming a publicly traded company.

1. Confidential IPO Filing in May 2023

Klaviyo kicked off its IPO process by confidentially submitting a draft registration statement with the Securities and Exchange Commission (SEC) in May 2023. This allowed the company to keep its financials and other sensitive information private while the SEC reviewed its filing.

2. Public S-1 Registration in August 2023

In late August 2023, Klaviyo publicly filed its S-1 registration statement, revealing key details about its business, financials, and plans for the future. The S-1 showed strong revenue growth and a path to profitability, generating excitement among investors.

3. Initial IPO Price Range Set in Early September

As the IPO date approached, Klaviyo and its underwriters set an initial price range of $25 to $27 per share in early September. This range provided insight into the company's valuation and the amount it aimed to raise in the offering.

4. IPO Price Range Increased Before Offering

Just a week before the IPO, Klaviyo increased its price range to $27 to $29 per share, signaling strong demand from investors. The higher price range also meant the company would raise more capital in the offering.

5. Klaviyo Prices IPO at $30 Per Share

On September 19, 2023, Klaviyo priced its IPO at $30 per share, above the high end of its increased range. The company sold 19.2 million shares, consisting of 11.5 million shares offered by Klaviyo and 7.7 million shares sold by existing stockholders.

6. KVYO Begins Trading on NYSE on September 20

Klaviyo's stock began trading on the New York Stock Exchange under the ticker symbol "KVYO" on September 20, 2023. The shares opened at $36.75 and closed at $32.76 on the first day of trading, representing a 9.2% increase from the IPO price.

Klaviyo's successful IPO demonstrated the market's confidence in the company's business model and growth prospects. As Klaviyo continues its journey as a public company, it remains focused on empowering businesses to create smarter digital relationships with their customers. For more on building a robust sales prospect list, check out our detailed guide.

In the next section, we'll dive into Klaviyo's IPO pricing and valuation, exploring how the company's financials and market position influenced its stock price at the time of the offering.

Klaviyo's IPO: Pricing Details and Valuation

Klaviyo, the leading email marketing platform, made a strong debut on the public markets with its initial public offering (IPO) in September 2023. The company priced its shares above the expected range, raising significant capital and achieving an impressive valuation. Let's dive into the details of Klaviyo's IPO pricing and valuation.

1. IPO Priced at $30 Per Share, Above Expected Range

Klaviyo set an initial IPO price range of $27 to $29 per share, already signaling strong demand from investors. However, the company ultimately priced its offering at $30 per share, exceeding expectations. This higher price reflected the market's confidence in Klaviyo's growth potential and its position as a leader in the email marketing space.

2. Offering Raises $576 Million for Klaviyo and Selling Shareholders

The IPO consisted of 19.2 million shares, with 11.5 million shares offered by Klaviyo and 7.7 million shares sold by existing stockholders. At the IPO price of $30 per share, the offering raised approximately $576 million in total. This capital infusion will provide Klaviyo with resources to further invest in product development, expand its customer base, and pursue strategic initiatives.

3. Klaviyo Achieves $9.2 Billion Valuation at IPO

Based on the IPO price of $30 per share, Klaviyo's valuation reached an impressive $9.2 billion. This valuation reflects the company's strong financial performance, with revenue growing at a rapid pace in recent years. Klaviyo's ability to attract and retain a large customer base, coupled with its innovative platform, has positioned it as a valuable player in the email marketing industry.

4. KVYO Stock Surges 23% on First Trading Day

When Klaviyo's stock began trading on the New York Stock Exchange under the ticker symbol "KVYO" on September 20, 2023, it opened at $36.75 per share. This represented a significant 23% gain from the IPO price, indicating strong investor demand and confidence in the company's future prospects. The stock's performance on the first trading day set a positive tone for Klaviyo's journey as a public company.

5. Klaviyo Closes First Day with $32.76 Share Price, 9% Gain

Although Klaviyo's stock experienced some volatility throughout the first trading day, it closed at $32.76 per share, representing a solid 9% gain from the IPO price. This closing price translated to a market capitalization of over $10 billion for Klaviyo, cementing its position as a major player in the email marketing and e-commerce technology space.

6. Over $10 Billion Market Cap at End of First Trading Day

Klaviyo's impressive first-day performance resulted in a market capitalization exceeding $10 billion. This milestone underscores the company's significant growth potential and its ability to capture a substantial share of the expanding email marketing market. As Klaviyo continues to innovate and provide value to its customers, its market position is poised for further strengthening.

Klaviyo's successful IPO, characterized by strong pricing and valuation, sets the stage for the company's future growth as a publicly traded entity. The capital raised will support Klaviyo's expansion plans and solidify its position as a leading force in the email marketing landscape. For more on how AI can support your email marketing, check out AI email management tools.

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Thanks for sticking with us through this deep dive into Klaviyo's IPO pricing and valuation. We promise the rest of the article won't be as numbers-heavy (unless you're into that sort of thing, you data-loving maverick, you).

Conclusions

Understanding the details of Klaviyo's IPO is crucial for investors and those interested in the email marketing industry. In this article, we covered:

• Klaviyo's journey to becoming a publicly traded company, from confidential filing to the first day of trading
• The pricing and valuation details of Klaviyo's IPO, including the capital raised and market capitalization

Don't miss out on this essential knowledge about Klaviyo's public debut. Without it, you might be left wondering, "Wait, Klaviyo had an IPO?"