On June 23, 2016, Twilio announced the pricing of its public offering of 10 million shares of Class A common stock at a price of $15.00 per share. In addition, Twilio has granted the underwriters a 30-day option to purchase up to 1.5 million additional shares of Class A common stock from Twilio at the initial public offering price. At the time of this writing, the “TWLO” shares are now trading on the New York Stock Exchange at $23. This pricing gives Twilio a market value of $1.23 billion, up from the roughly $1 billion valuation investors gave it during its last private round of financing in 2015.
The tech industry has been in a drought of IPO activity, with no tech companies going public in the first quarter of 2016.The only one notable IPO in the second quarter was from the cybersecurity firm SecureWorks.The state of tech IPOs aside, today is about Twilio.Twilio wouldn’t be Twilio without a nod to the developers that fuel its business. At this morning’s opening bell, Twilio took itself public in its own unique style, kicking off a live, daylong coding event on the NYSE trading floor. This “NYSE Code Jam” is took place throughout the day.Twilio developers and their friends aim to develop as many apps as possible up until the closing bell.
A software and cloud-based communications platform, enables developers and businesses to rapidly build and deploy communication solutions that meet their specific needs. Whether integrating voice, messaging and/or VoIP capabilities into a web or mobile app or building a complete system like a call center, Twilio removes the traditional obstacles to creating effective communications experiences. Twilio gives businesses the ability to innovate, prototype, create, and connect with their customers at the right time and in the right way.
You can find more information about Twilio’s announcement on nojitter.com