Thursday, June 23, 2016

Twilio To Debut On NYSE After IPO

In the first techology IPO of a technology company with links to Seattle since 2014, San Francisco-based Twilio, the developer of telephony APIs which was foundedin Seattle in 2009, has priced its IPO, and starts trading on the public markets today. Twilio priced at $15.00 per share, above its initial estimated range of $12.00 to $14.00 per share, and will offer up 10,000,000 shares of its common stock in the IPO on the NYSE as TWLO. Seattle's last big pure technology IPO was Docusign, yet another company founded in Seattle but which moved its headquarters to the Bay Area. Seattle has had other IPO activity, however, with the biotech IPO of PhaseRx earlier this year.