Klaviyo Inc. has announced the launch of a proposed secondary offering of its Series A common stock, with an offering size of $372,000,000. The shares are being sold by Andrew Bialecki, the company's CEO and co-founder, to cover tax obligations related to his stock options. The offering will be underwritten by Goldman Sachs & Co. LLC and Morgan Stanley, and the shares are listed on the New York Stock Exchange under the ticker symbol KVYO.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.