Twilio's CEO just got $100 million richer
Flickr/Twilio
Twilio shares soared more than 70% Thursday on its public market debut, going from the $15 per share opening price to more than $25 per share as of 12:50 PM EST.
That means Lawson's ownership stake in Twilio - 8,635,492 shares to be exact - are now worth roughly $220 million, up nearly $100 million from the $129.5 million his shares were worth at open this morning.
Lawson, who founded Twilio in 2008, was the former CTO of Stubhub.com and an engineer at Amazon Web Services. Twilio makes communications software for developers to build apps that can send text messages and calls easily.
Lawson's gains are impressive, but the biggest winner of all may be Bessemer Ventures, which owns roughly 28% of the company, the largest among all shareholders. Bessemer's early bet on Twilio is now worth more than $522 million, up more than $220 million from the opening price.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market