** Shares of marketing automation firm Klaviyo Inc KVYO.N down 1% premarket to $34.48 after secondary offering priced
** Boston, Massachusetts-based software firm late Weds announced ~10.97 mln shares sold by CEO Andrew Bialecki to cover tax obligations related to exercise of his stock options, which expire this year
** Offering price of $34 equates to total raise of ~$372.9 mln and represents 2.4% discount to stock's last sale
** KVYO shares on Weds fell 7.1% after co late Tues commenced $372 mln offering
** Goldman Sachs, Morgan Stanley and Citigroup are jt lead bookrunners for offering
** Klaviyo has 276 mln shares outstanding for $9.6 bln market cap
** Through Weds, shares down 15.5% YTD. Stock hit record intraday high of $49.55 in Feb
** Avg rating among 23 analysts is "buy" and median PT is $43.88, per LSEG
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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