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FGS Global represents Boston-based Klaviyo, marketing automation and data platform, that plans to go public in an IPO valued at up to $6.8B, according to Reuters.
It plans to offer 19.2M shares pegged in the $25 to $27 per share range. The shares will trade on the New York Stock Exchange.
Founded in 2012 by Andrew Bialecki and Ed Hallen, Klaviyo stores and analyzes data for e-commerce companies to help them send personalized marketing pitches to targeted customers.
Klaviyo reported a 54.3 percent rise in first-half revenues to $321M and a $15M profit vs. a $25M year-ago loss.
Spotify is among investors in Klaviyo. BlackRock and AllianceBernstein plan to buy up to $100M of stock in the IPO.
FGS Global has Chris Kittredge, Julie Rudnick and Catherine Livingston on the Klaviyo account.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
