By Echo Wang and Anirban Sen
NEW YORK (Reuters) – Marketing automation company Klaviyo Inc priced its initial public offering (IPO) on Tuesday above its indicated price range to raise $576 million, according to people familiar with the matter.
Klaviyo priced 19.2 million shares at $30 apiece, the sources said. The company revised its indicated IPO price range from $25-27 per share to $27-$29 per share on Monday.
At $30 per share, Klaviyo is worth about $9.2 billion on a fully diluted basis.
Klaviyo declined to comment.
(Reporting by Echo Wang and Anirban Sen in New York)
