Twilio (TWLO) Prices 5.06M Share Class A Common Offering at $247/Sh
Twilio Inc. (NYSE: TWLO) today announced the pricing of an underwritten public offering of 5,060,729 shares of its Class A common stock at a price to the public of $247.00 per share. The offering is scheduled to close on August 11, 2020, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 759,109 shares of Twilio’s Class A common stock at the public offering price, less underwriting discounts and commissions.
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.