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Stock impact report

Klaviyo (KVYO) Climbs 8.45% as Firm Launches $500-Million Buyback [Yahoo! Finance]

Klaviyo, Inc. (KVYO) 
Company Research Source: Yahoo! Finance
Klaviyo extended its winning streak to a fourth consecutive day on Thursday, jumping 8.45 percent to finish at $21.18 apiece after unveiling a $500 million share repurchase program in a bid to boost shareholder value. In a statement earlier in the week, Klaviyo Inc. (NYSE:KVYO) said that the buyback would involve its Series A common stocks, of which some $100 million will be acquired through an accelerated share repurchase transaction. Photo from Klaviyo website “This new authorization and accelerated share repurchase underscores the confidence our board of directors and management team have in the durability of our strategy, the scale of the opportunity ahead, and our belief that Klaviyo represents an attractive long-term investment. Our strong balance sheet and consistent cash generation give us the flexibility to invest in AI-driven innovation and platform expansion while also returning capital when we believe it creates long-term shareholder value,” Klaviyo Inc. (NYSE:KVYO) Show less Read more
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