Andrew Bialecki, CEO and co-founder of Klaviyo, poses for a portrait in Boston on Sep. 5, 2019.
Barry Chin | Boston Globe | Getty Pictures
Advertising and marketing automation firm Klaviyo Inc is contemplating pricing its preliminary public providing (IPO) on Tuesday on the high of its indicated worth vary or simply above it, based on individuals accustomed to the matter.
Klaviyo is discussing with its IPO underwriters the potential of promoting shares at $29 or $30 apiece, the sources advised Reuters. The corporate revised its indicated IPO worth vary from $25-27 per share to $27-$29 per share on Monday.
At $29 per share, Klaviyo could be elevating $557 million in its IPO and could be value about $9 billion on a completely diluted foundation.
The sources requested anonymity forward of the IPO pricing on Thursday night. Klaviyo declined to remark.