Twilio (TWLO) Confirms Follow-On Offering

October 7, 2016 5:18 PM EDT
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Twilio Inc. (NYSE: TWLO) filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed follow-on public offering of shares of its Class A common stock. A majority of the shares in the proposed offering are expected to be sold by existing stockholders. Twilio will not receive any proceeds from the sale of the shares by the selling stockholders. The number of shares of Class A common stock to be sold and the allocation of the shares between Twilio and existing stockholders has not yet been determined.

Goldman, Sachs & Co. and J.P. Morgan Securities LLC will act as joint book-running managers for the proposed offering. Allen & Company LLC; Pacific Crest Securities, a division of KeyBanc Capital Markets Inc.; JMP Securities LLC; William Blair & Company, L.L.C.; and Canaccord Genuity Inc. will act as co-managers



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