Benzinga | Feb 18, 2021 04:19PM EST

Twilio Announces $1B Common Stock Offering

SAN FRANCISCO--(BUSINESS WIRE)-- Twilio Inc. ("Twilio") (NYSE:TWLO), the leading cloud communications platform, today announced that it has commenced an underwritten public offering of $1,000,000,000 of shares of its Class A common stock. All of the shares in the proposed offering will be sold by Twilio. In addition, Twilio expects to grant the underwriters a 30-day option to purchase up to an additional $150,000,000 of shares of its Class A common stock in the offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.