Thursday, June 23, 2016

Twilio Prices IPO, Starts Trading Today

San Francisco-based Twilio priced its IPO last night, and will begin trading this morning on the New York Stock Exchange as TWLO, the company said late Wednesday. Twilio priced at $15.00 a share, above its initial estimated range of $12.00 to $14.00 per share, and will offer up 10,000,000 shares of its common stock in the IPO. 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, used by developers to create phone applications and connect phone systems.