Twilio expects to raise up to $161 million in IPO
Twilio Inc. said in a filing Monday that it expects its initial public offering of 11.5 million shares to price between $12 and $14 a share. At the top of that range, the cloud communications company would raise up to $161 million, not including options granted to the underwriters to buy additional shares. Goldman Sachs and J.P. Morgan are the lead underwriters. Entities advised by T. Rowe Price Associates have indicated an interest to buy up to 1.5 million shares. The company intends to list on the New York Stock Exchange under the symbol "TWLO."
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.