Twilio Inc. (NYSE: TWLO), the leading cloud communications platform, today announced that it has commenced an underwritten public offering of $1.25 billion of shares of its Class A common stock. All of the shares of Class A common stock to be sold in the offering will be offered by Twilio. In addition, Twilio expects to grant the underwriters a 30-day option to purchase up to an additional $187.5 million of shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Twilio intends to use the net proceeds from this offering for general corporate purposes, which may include the acquisition of other companies or businesses, the refinancing or repayment of debt, capital expenditures, working capital and share repurchases.

J.P. Morgan is acting as lead book-running manager for the offering. Morgan Stanley, Goldman Sachs and BofA Securities are acting as joint book-running managers for the offering. Academy Securities and Siebert Williams Shank are acting as co-managers for the offering.

A registration statement (including a base prospectus) and a preliminary prospectus supplement relating to these securities have been filed with the Securities and Exchange Commission (the “SEC”).