Klaviyo Inc. $(KVYO)$, a CRM company tailored for B2C brands, has announced the launch of a secondary offering of 6,500,000 shares of its Series A common stock. The offering is being conducted by entities affiliated with Summit Partners, L.P., and will be underwritten by Barclays. Additionally, the selling stockholders plan to grant the underwriter a 30-day option to purchase up to 975,000 additional shares. Klaviyo will not receive any proceeds from this sale. The offering's completion is contingent on various market conditions.
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