Tuesday, June 14, 2016

Twilio Moves Closer To IPO, Sets Estimated IPO Pricing Range

San Francisco-based Twilio moved closer to its IPO on Monday, as it set the estimated IPO pricing range for a possible IPO. Twilio said in a filing that it now expects to sell 10,000,000 shareso f its common stock at between $12.00 and $14.00 per share. The company has filed to trade as TWLO on the New York Stock Exchange. The IPO is being underwritten by Goldman, Sachs & Co., J.P. Morgan, Allen & Company LLC, Pacific Crest Securities, JMP Securities, William Blair, and Canaccord Genuity. Twilio is backed by Bessemer Venture Partners, Union Square Ventures, Fidelity, and others. Twilio is a developer of telephony APIs, which are used to create interactive call software and related applications.