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Twilio is going public, and it will hopefully beat these 6 recent tech IPOs

Jun 23, 2016, 02:55 IST

Jack Dorsey, CEO of Square and CEO of Twitter, uses his phone to live cast during an event outside of the NYSE.Reuters / Lucas Jackson

Twilio is set to be the first big tech IPO of 2016, ending the drought that has had some investors worried.

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The relatively low-key company is in the business of sending texts and enabling phone calls for other companies like Uber and Airbnb. If Twilio does well, it could potentially break the ice and lead to a wave of tech companies going public.

The last tech company to go public was the China Online Education Group which priced its IPO earlier this month at $19.00. Share prices have risen since then to Tuesday's close of $23.05.

Some of the more notable IPOs of the last year haven't fared as well.

Twilio is said to be worth more than $1 billion, and all eyes will be on it as it begins its first day of trading Thursday.

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Read on to find out about six notable recent tech IPOs and how those companies have performed so far.

All pricing data used below was provided by Dealogic.

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