Klaviyo: Summit Partners L.P. Sells 6.5M Shares for $195.065M at $30.01/Share.

Klaviyo, Inc. (KVYO) has announced that Summit Partners L.P., a 10% owner of the company, has disposed of 6.5 million shares at a price of $30.01 per share on August 13, 2025.

Klaviyo Inc. (NYSE: KVYO), a leading customer relationship management (CRM) company, saw its stock drop by 3.8% after entities affiliated with Summit Partners, a 10% owner of the company, announced plans to sell 6.5 million shares of Series A common stock in an underwritten public offering [1]. The Boston-based company specializes in CRM solutions for business-to-consumer (B2C) brands.

The offering, which will not generate any proceeds for Klaviyo, includes an option for the underwriter, Barclays, to purchase up to an additional 975,000 shares within 30 days [2]. The sale price of the shares is $30.01 per share, as announced on August 13, 2025 [3]. The offering is subject to market conditions and remains uncertain regarding its completion timeline or final terms [2].

Klaviyo's stock reaction reflects the typical market response to large insider selling events, which can sometimes signal reduced confidence from early investors. However, such transactions are also common parts of private equity investment cycles [1]. As of July 02, 2025, the company's stock was trading at $31.43, with a fair value estimate of $31.69 [3].

Klaviyo's CRM platform combines marketing automation, analytics, and customer service into one unified solution, making it easy for businesses to know their customers and grow faster. The company's stock is currently trading within a range considered fairly valued [3].

References:
[1] https://au.investing.com/news/stock-market-news/klaviyo-stock-falls-as-summit-partners-affiliates-plan-share-sale-93CH-3977695
[2] https://www.morningstar.com/news/business-wire/20250813664639/klaviyo-announces-launch-of-proposed-secondary-offering-of-series-a-common-stock
[3] https://www.marketscreener.com/news/klaviyo-shareholders-price-secondary-offering-of-6-5-million-shares-ce7c51dedf81f525