08:27:15 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Goldman Sachs CDR (CAD Hedged)
Symbol GS
Shares Issued 400,000
Close 2023-09-07 C$ 16.41
Market Cap C$ 6,564,000
Recent Sedar Documents

Globe/wire say Goldman Sachs working on Klaviyo's IPO

2023-09-08 08:33 ET - In the News

The Globe and Mail reports in its Friday edition that U.S. investors are awaiting a slew of initial public offerings in coming months, hoping to ride the recent rally in equity markets. A Reuters dispatch to The Globe says that the deals could revive demand for new listings, which have been in the doldrums for nearly two years. Data and marketing automation firm Klaviyo disclosed its filing for its IPO in August, months after it confidentially submitted paperwork for the listing. Klaviyo did not disclose the size, timetable or other details of the offering, but Reuters reported in May that the company was planning a listing as soon as this year, targeting to raise at least $750-million (all figures U.S.). It raised $320-million in its last financing round in 2021, which gave it a valuation of $9.15-billion. Klaviyo's platform allows e-commerce companies to send personalized marketing e-mails and messages to potential customers. It is backed by Canadian e-commerce giant Shopify and affiliates of investment firm Summit Partners. Goldman Sachs, Morgan Stanley and Citi group are lead underwriters on the offering. Its shares are expected to begin trading on the New York Stock Exchange under the ticker symbol KVYO.

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