Klaviyo falls after launching secondary offering
ReutersAug 13, 2025 10:04 PM
Shares of marketing automation firm Klaviyo Inc KVYO.N down 3.9% in extended trading to $30.26 after secondary offering launched
Boston, Massachusetts-based KVYO says Summit Partners to unload 6.5 mln Series A shares
Barclays is the underwriter
Private equity firm Summit owns ~30.83 mln of co's ~117 mln total Series A shares outstanding, per data compiled from SEC filings and LSEG
KVYO shares on Wed finished up 3.8% at $31.48, leaving them down ~24% YTD
Last Wed, stock rose 15% to $35.31 after co raised its annual rev forecast for second time in 2025
19 of 21 analysts rate KVYO "strong buy" or "buy", rest rate "hold" and median PT is $45 - LSEG
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