Lately, there has been exciting news in the Private Equity market and the Stock Markets. What unites them? Well, this is the story of Twilio, the private VC-backed company that recently shot to fame with its highly-publicized IPO.
If you haven’t heard of this hot VC-backed unicorn, here is what you need to know:
- Had its IPO June 23 with a $15 price per share
- Current valuation $1.23 billion
- Market Cap $2.4 billion
- Thursday it opened at $23.99 and closed at $28.79 “representing an almost 92% hike in its public debut“
Founded: 2008 by Jeff Lawson
Headquarters: in San Francisco, California.
Twilio has over 500 employees, with headquarters in San Francisco and other offices in Bogotá, Dublin, Hong Kong, London, Mountain View, Munich, New York City, Singapore, and Tallinn.
What does Twilio do?
Twilio is a cloud communications company. It claims to be reinventing telecom by merging the worlds of cloud computing, web services and telecommunications.
“We take care of the messy telecom hardware and expose a globally available cloud API that developers can interact with to build intelligent and complex communications systems.” – Twilio
How does Twilio do it?
Twilio does this by providing a telephony infrastructure web service in the cloud, allowing web developers to integrate phone calls, text messages and IP voice communications into their web, mobile and traditional phone applications.
The following graph shows how from June 28 to June 29 Twilio’s share price grew from $29.92 to $37.08 per share.
For more information on Twilio feel free to check the following sources: