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Marketing automation company Klaviyo plans IPO

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Apr 4, 2023
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Illustration: Gabriella Turrisi/Axios

Boston-based marketing automation company Klaviyo plans to go public later this year, the Wall Street Journal reports.

Why it matters: The potential listing comes amid a dearth of IPOs given the volatile financial markets.

Details: Klaviyo has hired Goldman Sachs to be its lead underwriter, according to the WSJ.

  • The company is profitable and generated more than $575 million in recurring revenue last year, the WSJ reports.
  • Founded in 2012, Klaviyo is a marketing tech platform that helps brands manage email and SMS-based campaigns.
  • Klaviyo was valued at $9.15 billion when it raised a $320 million Series D round in 2021, according to a company press release.
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