Klaviyo (KVYO) announced the commencement of an underwritten public offering of $372M of shares of its Series A common stock by Andrew Bialecki, the company’s CEO and co-founder, to cover tax obligations related to the exercise of his stock options, which expire this year. The company will not receive any proceeds from the sale of the shares being offered by Bialecki. Goldman Sachs & Co. and Morgan Stanley are acting as the joint lead bookrunning managers for the offering.
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