Skip to main content

Market Overview

Twilio Raises $1.5B In Upsized Share Sale

  • Twilio Inc. (NYSE: TWLOraised $1.536 billion in a public secondary offering, upsized from $1 billion.
  • The offering is expected to close on February 23, 2021, and underwriters have a 30-day option to procure additional shares worth $230.4 million compared to the previous limited of $150 million.
  • Morgan Stanley and J.P. Morgan are the joint book-running managers for the offering. 
  • The company's shares have gained 246% in the last year, which prompts a capital raise to strengthen the balance sheet further.
  • Twilio's cash and equivalents balance stood at $3.04 billion as of December 2020, and it generated an operating cash flow of $32.65 million during the year.
  • Twilio also had an accumulated deficit of $1.17 billion on its balance sheet as of December 2020.
  • Price action: TWLO shares are down 3.38% at $428.49 in the pre-market session on the last check Friday.

Related Articles (TWLO)

View Comments and Join the Discussion!

Posted-In: News Offerings Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at