Twilio, which provides phone and messaging support services, is already beating expectations
After pricing at $15 a share yesterday, shares of the tech firm appear set to hit the market somewhere between $22 and $24 a share, according to Bloomberg.
Shares were initially expected in the $12 to $14 range, so the firm is already exceeding expectations.
While this is an encouraging sign for the overall market, it is partially disappointing since it shows that the IPO could have priced higher initially and the demand was underestimated.
NewsletterSIMPLY PUT - where we join the dots to inform and inspire you. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox.
Next Story
As Ilya Sutskever announces OpenAI exit, here’s a quick recap of his involvement in Sam Altman's firing last year
DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
India-UK trade pact: Work in progress to resolve pending issues
5 most colourful mountains in the world
Vivo takes the top spot in India: Top smartphone brands in Q1 2024
