Klaviyo files to go public in latest sign of life for IPO market
Publishing timestamp: 2023-08-25 16:09:06
Summary
Klaviyo, a marketing automation company, has filed paperwork with the Securities and Exchange Commission to list on the New York Stock Exchange under the symbol "KVYO." The company, which helps businesses target their email and text message marketing, has seen growing demand from various industries. One of its biggest backers and sources of business is Shopify, which owns approximately 11% of Klaviyo's shares. Klaviyo reported net income of $15.2 million for the first six months of the year and had over 130,000 customers as of June 30.
Sentiment: NEUTRAL
Keywords: business news, enterprise, technology, shopify inc, ipo, internet,