Klaviyo Boosts IPO Fundraising Target to $557 Million
- Marketing, data automation firm sets $27 to $29 a share range
- Klaviyo to follow Instacart, Arm listings as IPOs gain speed
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Marketing and data automation provider Klaviyo Inc. is elevating its target to $557 million for what is expected to be a third major US initial public offering in a week.
The Boston-based company raised the price range for its IPO to $27 to $29 a share, up from $25 to $27 each, according to a filing Monday confirming an earlier report by Bloomberg News. The company and its existing shareholders plan to sell 19.2 million shares.