Tuesday, June 14, 2016

Twilio Creeps Closer To IPO

Twilio, the developer of telephony APIs which got started in Seattle in 2009, moved closer to its IPO on Monday, as it set the estimated IPO pricing range. Twilio said in a filing that it expects to sell 10,000,000 shares of its common stock at between $12.00 and $14.00 per share--the first steps in pricing its IPO. The company has filed to trade as TWLO on the New York Stock Exchange. Twilio originally was founded in Seattle, although its headquarters are in San Francisco.