Twilio (TWLO) IPO Opens Up 60%

Today's IPO for Twilio Inc. (NYSE: TWLO) opened for trading at $23.99 after pricing 10,000,000 shares of Class A common stock at a price of $15.00 per share, above the expected $12-$14 range.

Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting 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. are acting as co-managers.

Twilio makes communications easy and powerful. With Twilio's platform, businesses can make communications relevant and contextual by embedding real-time communication and authentication capabilities directly into their software applications. Founded in 2008, Twilio has over 500 employees, with headquarters in San Francisco and other offices in Bogotá, Dublin, Hong Kong, London, Mountain View, Munich, New York City, Singapore and Tallinn.

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