The Boston-based marketing-tool maker said in a new filing that it expects to price shares between US$27 and US$29 each, up from a previously anticipated US$25 and US$27 range. (The Logic)
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The Boston-based marketing-tool maker said in a new filing that it expects to price shares between US$27 and US$29 each, up from a previously anticipated US$25 and US$27 range. (The Logic)
Talking point: The higher range comes after grocery delivery app Instacart also upsized its initial public offering. Both companies made the revisions after SoftBank-owned Arm’s stock surged nearly 30 per cent in its Nasdaq trading debut. The chip designer’s shares have since trended down, but still remain well above their US$51 offering price. Klaviyo’s new pricing could see it reach a US$9-billion market capitalization, just shy of its last known US$9.5-billion valuation. Instacart is expected to start trading Tuesday, while Klaviyo should debut Wednesday, according to the Nasdaq.
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