Twilio Announces Pricing of Initial Public Offering
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June 23, 2016 2:51 PM EDT
Twilio (NYSE: TWLO) shares are not only holding gains following a strong IPO, but moving to session highs in the process.
Shares are now up around 92 percent to $28.77. The action comes after shares... More
June 23, 2016 10:56 AM EDT
Below are 10 key things to know about todays hot IPO for Twilio (NYSE: TWLO)
Shares opened up 60% to $23.99 after pricing 10,000,000 shares at $15, which was above the $12-$14 range initially expected. The underwriters have the option to purchase up to an additional 1,500,000 shares from Twilio at the initial public offering price less the underwriting discount. Shares are currently up 69% to $25.35, already making it a Top 5 performing IPOs for 2016.82,200,793 class A and Class B shares are expected to be outstanding following the offering, giving the company a market cap of $2.1 billion...
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June 23, 2016 10:29 AM EDT
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... More
