Thursday, May 26, 2016

Twilio Files For IPO

Twilio, the developer of telephony APIs and services which started in Seattle back in 2009, has filed for an IPO, saying that it is looking to raise as much as $100M on the New York Stock Exchange as TWLO. The company is now based in San Francisco. The IPO is being underwritten by Goldman, Sachs & Co., J.P. Morgan, Allen & Company LLC, Pacific Crest Securities, JMP Securities, William Blair, and Canaccord Genuity. The company is venture backed by Bessemer Venture Partners, Union Square Ventures, Fidelity, and others. Twilio originally started in 2007 in a coffee shop in Seattle, in the Revolutions coffee shop; the company moved its headquarters to San Francisco.