Twilio Inc. Announces Pricing of Upsized $1.54 Billion Public Offering of Class A Common Stock
February 19 2021 - 8:00AM
Business Wire
Twilio Inc. (“Twilio”) (NYSE: TWLO), the leading cloud
communications platform, today announced the pricing of an
underwritten public offering of shares of its Class A common stock
for proceeds of $1,536,000,000, before deducting estimated offering
expenses payable by Twilio. The offering is expected to close on
February 23, 2021, subject to customary closing conditions. In
addition, Twilio has granted the underwriters a 30-day option to
purchase up to an additional $230,400,000 of shares of its Class A
common stock in the offering. On February 18, 2021, the last sale
price of the shares as reported on The New York Stock Exchange was
$443.49 per share.
Morgan Stanley and J.P. Morgan are acting as joint book-running
managers for the offering. Academy Securities, Cabrera Capital
Markets and Siebert Williams Shank are acting as co-managers for
the offering.
The public offering is being made pursuant to an automatic shelf
registration statement on Form S-3 that was filed by Twilio with
the U.S. Securities and Exchange Commission (the “SEC”) and
automatically became effective upon filing. A preliminary
prospectus supplement and accompanying prospectus relating to and
describing the terms of the offering have been filed with the SEC,
and a final prospectus supplement and accompanying prospectus
relating to and describing the terms of the offering will be filed
with the SEC and will be available on the SEC’s website at
www.sec.gov. Copies of the final prospectus supplement and
accompanying prospectus, when available, may be obtained from
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014; or J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204,
or by email at prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Twilio Inc.
Millions of developers around the world have used Twilio to
unlock the magic of communications to improve any human experience.
Twilio has democratized communications channels like voice, text,
chat, video and email by virtualizing the world’s communications
infrastructure through APIs that are simple enough for any
developer to use, yet robust enough to power the world’s most
demanding applications. By making communications a part of every
software developer's toolkit, Twilio is enabling innovators across
every industry — from emerging leaders to the world’s largest
organizations — to reinvent how companies engage with their
customers.
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version on businesswire.com: https://www.businesswire.com/news/home/20210219005170/en/
Investor Contact: Andrew Zilli ir@Twilio.com
or
Media Contact: Carolyn Bos press@Twilio.com
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