Twilio Debut To Trigger The Static Tech IPO

Twilio the San Francisco based cloud communications company is giving a push to Tech IPO in Silicon Valley this week with a $130 million debut. The company also raised its share prices from $12-$14 to $15 this Wednesday, which was quite unexpected. This deal is having a great coverage as it is the first tech IPO of this year.

This IPO if went successful will attract other candidates. Likewise if it didn’t go as successful it will probably scare off others leading to the more prolonged IPO drought. The total worth of Twilio with $15 a share would be $1.03 billion. However, in the last fundraising by the company the shares were valued at $11.31 (Source: PitchBook Data). PitchBook’s vice president Adley Bowden said that there would be a definite increase in shares probably by 10 to 20%.

Twilio has been providing communication services to companies like Uber, Airbnb, Intuit, Coca-Cola, Zendesk, Box, Trulia, etc. Twilio will go under the ticker symbol TWLO in New York Stock Exchange.

Twilio being the first tech IPO this year is expected to swing many in its favor. The tech drought since the last November is being ended by Twilio, which will help make it successful hopefully. Market analysts also have same views about Twilio shares. In fact the existing shareholders of Twilio also expressed interest in $1.5 million worth shares of Twilio.

Despite the confidence of investors in Twilio shares, the company is still getting hopes up in this ever changing market. The Britain’s vote on whether to leave European Union is a move that can shock up the entire global economy. Thus, nothing is certain in Twilio’s case.