Twilio hopes to raise $ 150 million in IPO

by bold-lichterman

It is one of the most anticipated IPOs of the year in the tech sector. The American start-up Twilio, which develops communication services for developers, has ad that it would issue 10 million Class A shares for a unit price set at $ 15. The operation should thus enable the company to raise 150 million dollars (approximately 132 million euros). The securities will be listed this Thursday on the New York Stock Exchange. In addition, an option to issue 1.5 million additional shares could be exercised.

Founded in 2008, Twilio develops products and services allowing publishers of mobile applications to insert tools to communicate with their users. These can take the form of “in-app” instant messengers, push notifications or even phone calls. One of its best-known solutions is two-step authentication, which is based on sending, by SMS or push notification, a code of several digits allowing the user of a service to log in. connect. The developed functionalities work from a cloud platform to which the developers connect via an API.

Over $ 166 million in sales

With this model, Twilio claims several major brands among its customers, such as Uber, its American rival Lyft, the rental accommodation platform Airbnb, the cloud services specialist Box or even the customer service software publisher Zendesk. To finance its development, the San Francisco-based company has completed several major funding rounds in the past, including a $ 130 million one a year ago, notably with Fidelity and T Rowe Price funds. At the time, Amazon and Salesforces Ventures – the cloud software specialist’s investment vehicle – also participated in this fundraiser.

Despite its strengths and its already recorded successes, Twilio remains in deficit. In a leaflet financial published with the SEC (Securities and Exchange Commssion, editor’s note), the American authority of the financial markets, the company reports a turnover of 166.9 million dollars in 2015, a performance in strong progression by compared to the previous fiscal year, when revenues then reached $ 88.8 million. Twilio, however, posted a loss of $ 38.8 million in 2015.

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