The Technology and Capital Markets teams advised Klaviyo, Inc. (NYSE: KVYO) on an underwritten registered block trade in which funds affiliated with Summit Partners sold an aggregate of 6,500,000 shares of common stock at a price to the underwriter of $30.01 per share, for proceeds of approximately $195 million before offering expenses. The selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock. Barclays Capital Inc. acted as sole underwriter for the offering. Klaviyo did not receive any proceeds from the sale of the shares offered
The Goodwin team was led by Brad Weber, Kim de Glossop and Kristin Gerber, and included Sandy de Sauvage, Matthew Rosencranz, Justin Brogan and Beth Nelson (Corporate/Capital Markets); Kelsey Lemaster, Garrett Gaughan and Tyler Mayo (Tax); and Jim Matarese and Nathan Needle.