Klaviyo Announces $500M Share Repurchase; Stock Rises After Program Reveal
Klaviyo Inc. (NYSE: KVYO) shares rose 6.7% after the company disclosed a $500 million share repurchase program with an immediate $100 million accelerated share repurchase. The board-approved authorization, representing roughly 10% of market capitalization, is the company's initial buyback. Management highlighted confidence in the firm's strategy an…