je.st
news
Twilio raises USD 150 mln in IPO
2016-06-23 08:34:00| Telecompaper Headlines
(Telecompaper) Twilio, the maker of a platform for developing communication apps, has raised USD 150 million in its initial public offering of shares. The 10 million shares for sale were priced at USD 15 per share and will start trading 23 June on the New York Stock Exchange. The shares were priced above the indicated range of USD 12-14, and the pricing gives the company a market capitalisation of around USD 1.2 billion. Twilio has granted the underwriters a 30-day option to purchase up to 1.5 million additional shares at the initial public offering price.
Tags: usd
ipo
raises
mln
Category:Telecommunications