Klaviyo Executes $195 Million Secondary Stock Offering
Deal News | Aug 22, 2025 | Goodwin
Klaviyo, Inc. successfully executed a secondary common stock offering, allowing funds affiliated with Summit Partners to sell an aggregate of 6.5 million shares at $30.01 per share, amounting to approximately $195 million, excluding offering expenses. The transaction was managed by Goodwin's Technology and Capital Markets teams and involved Barclays Capital Inc. as the sole underwriter. Notably, Klaviyo did not benefit from the sale proceeds. The offering also included an option for the underwriters to purchase an additional 975,000 shares within 30 days. Leadership of the Goodwin advising team came from Brad Weber, Kim de Glossop, and Kristin Gerber, with contributions from corporate, capital markets, and tax professionals.
Sectors
- Technology
- Financial Services
Geography
- United States – Klaviyo is a U.S.-based company and the financial transaction took place under the U.S. financial market regulations.
Industry
- Technology – Klaviyo, Inc. operates in the technology sector, providing email marketing and automation tools.
- Financial Services – The article discusses a secondary stock offering managed by financial institutions and advisors, including Barclays and Goodwin.
Financials
- 195000000 – Proceeds from the sale of common stock before offering expenses.
- 30.01 – Price per share sold in the offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Klaviyo, Inc. | Target | Company | A technology company involved in the secondary stock offering. |
| Summit Partners | Selling Company | Company | Funds affiliated with this company sold shares in the secondary offering. |
| Barclays Capital Inc. | Underwriter | Company | Acted as the sole underwriter for the stock offering. |
| Goodwin | Legal Advisor | Company | Advised Klaviyo on legal aspects of the stock offering. |
| Brad Weber | Lead Advisor | Person | Led the Goodwin team advising on the offering. |
| Kim de Glossop | Advisor | Person | Member of the Goodwin team providing advice on the deal. |
| Kristin Gerber | Advisor | Person | Member of the Goodwin team providing advice on the deal. |