Michelle Burbick
Michelle Burbick is the Associate Editor and a blogger for No Jitter, UBM Tech's online community for news and analysis...
Read Full Bio >>

Michelle Burbick | June 23, 2016 |


Twilio Goes Public, Celebrates Developers

Twilio Goes Public, Celebrates Developers Twilio sets IPO pricing, rings the opening bell at the New York Stock Exchange, and kicks off its IPO with a live coding event.

Twilio sets IPO pricing, rings the opening bell at the New York Stock Exchange, and kicks off its IPO with a live coding event.

As widely anticipated, Twilio went public this morning at an opening bell share price of $15, slightly above the $12 to $14 per-share price Twilio noted in last month's filing with the U.S. Securities and Exchange Commission. At the time of this writing, the "TWLO" shares are now trading on the New York Stock Exchange at $23.

Twilio CEO Jeff Lawson and team ring the opening bell at the NYSE, screen grab via Twitch

This pricing gives Twilio a market value of $1.23 billion, up from the roughly $1 billion valuation investors gave it during its last private round of financing in 2015, USA Today's Jon Swartz reported. Further, Forbes contributor Jean Baptiste Su, Principal Analyst at Atherton Research and veteran technology journalist, reported this morning that Twilio will raise $150 million from its IPO, which is 50% more than initial expectations. Still, in the same report, Su indicated Twilio's history of weak financials, with a reported net loss of $35.5 million on $167 million in revenue for 2015 and a $27 million net loss on $89 million in revenue for 2014.

Interestingly, Su added, 17% of Twilio's total revenue for 2015 came from WhatsApp, which uses the Twilio platform to verify users but is not obligated to give notice should it decide to stop using Twilio services. That's a "red flag for some investors."

Even so, Twilio has clearly been one busy company, and the buzz around its IPO is hard to ignore. We've covered Twilio regularly here on No Jitter, from advances made last year to its developer platform for communications, to its March announcement at Enterprise Connect that it would enable private connections to its cloud services, and most recently, its newly announced APIs for Internet of Things and notification orchestration.

No Jitter's own Beth Schultz covered Twilio's filing with the U.S. SEC for an initial public offering, which was quietly announced near the conclusion of the company's Signal conference for developers that took place at the end of May. Since then, financial analysts across the country have been hailing Twilio's IPO as the hottest tech IPO of the year, for what that's worth.

As Schultz noted in her report on the SEC filing, the company "is everybody's darling in the cloud-based, software-centric world of today ..., widely credited for kick-starting the API movement in communications."

The tech industry has been in a drought of IPO activity, with no tech companies going public in the first quarter of 2016, and only one notable IPO in the second quarter from cybersecurity firm SecureWorks, Wall Street Daily chief technology analyst Louis Basenese reported.

"Even if Twilio pops on its first day of trading and remains in positive territory, few expect it to be a catalyst for a rush of tech IPOs in what has been the slowest year for U.S.-listed tech IPOs -- and IPOs in general -- since 2009, according to data from Dealogic," wrote Corrie Driebusch, reporter for The Wall Street Journal.

The state of tech IPOs aside, today is about Twilio, and Twilio wouldn't be Twilio without a nod to the developers that fuel its business. At this morning's opening bell, Twilio took itself public in its own unique style, kicking off a live, daylong coding event on the NYSE trading floor. This "NYSE Code Jam" is taking place throughout the day, as you see in this Twitch broadcast.Twilio developers and their friends aim to develop as many apps as possible up until the closing bell, Twilio said.

I'll be watching how Twilio performs in its first days of public trading, and checking in with NYSE Code Jam participants to see how the day unfolds. More to come!

Screen grab of the NYSE Code Jam getting ready to kick off, via Twitch broadcast

Follow Michelle Burbick and No Jitter on Twitter!


October 24, 2018

With disparate workplaces and ever-expanding volumes of information to manage, the challenges for collaborating effectively are only intensifying. Many critical applications are not integrated, and

October 10, 2018

Businesses are growing across international borders quicker than ever, but scaling operations to follow suit can be a harder, longer process.

This webinar focuses on scaling your next-generat

September 26, 2018

Join Kevin Kieller, Microsoft UC&C expert, along with Ribbon Communications and Polycom, for an update on Microsoft Ignite, and a focus on critical things you need to know about your voice deployme

March 12, 2018
An effective E-911 implementation doesn't just happen; it takes a solid strategy. Tune in for tips from IT expert Irwin Lazar, of Nemertes Research.
March 9, 2018
IT consultant Steve Leaden lays out the whys and how-tos of getting the green light for your convergence strategy.
March 7, 2018
In advance of his speech tech tutorial at EC18, communications analyst Jon Arnold explores what voice means in a post-PBX world.
February 28, 2018
Voice engagement isn't about a simple phone call any longer, but rather a conversational experience that crosses from one channel to the next, as Daniel Hong, a VP and research director with Forrester....
February 16, 2018
What trends and technologies should you be up on for your contact center? Sheila McGee-Smith, Contact Center & Customer Experience track chair for Enterprise Connect 2018, gives us the lowdown.
February 9, 2018
Melanie Turek, VP of connected work research at Frost & Sullivan, walks us through key components -- and sticking points -- of customer-oriented digital transformation projects.
February 2, 2018
UC consultant Marty Parker has crunched lots of numbers evaluating UC options; tune in for what he's learned and tips for your own analysis.
January 26, 2018
Don't miss out on the fun! Organizer Alan Quayle shares details of his pre-Enterprise Connect hackathon, TADHack-mini '18, showcasing programmable communications.
December 20, 2017
Kevin Kieller, partner with enableUC, provides advice on how to move forward with your Skype for Business and Teams deployments.
December 20, 2017
Zeus Kerravala, principal analyst with ZK Research, shares his perspective on artificial intelligence and the future of team collaboration.
December 20, 2017
Delanda Coleman, Microsoft senior marketing manager, explains the Teams vision and shares use case examples.
November 30, 2017
With a ruling on the FCC's proposed order to dismantle the Open Internet Order expected this month, communications technology attorney Martha Buyer walks us through what's at stake.
October 23, 2017
Wondering which Office 365 collaboration tool to use when? Get quick pointers from CBT Nuggets instructor Simona Millham.
September 22, 2017
In this podcast, we explore the future of work with Robert Brown, AVP of the Cognizant Center for the Future of Work, who helps us answer the question, "What do we do when machines do everything?"
September 8, 2017
Greg Collins, a technology analyst and strategist with Exact Ventures, delivers a status report on 5G implementation plans and tells enterprises why they shouldn't wait to move ahead on potential use ....
August 25, 2017
Find out what business considerations are driving the SIP trunking market today, and learn a bit about how satisfied enterprises are with their providers. We talk with John Malone, president of The Ea....
August 16, 2017
World Vision U.S. is finding lots of goodness in RingCentral's cloud communications service, but as Randy Boyd, infrastructure architect at the global humanitarian nonprofit, tells us, he and his team....
August 11, 2017
Alicia Gee, director of unified communications at Sutter Physician Services, oversees the technical team supporting a 1,000-agent contact center running on Genesys PureConnect. She catches us up on th....
August 4, 2017
Andrew Prokop, communications evangelist with Arrow Systems Integration, has lately been working on integrating enterprise communications into Internet of Things ecosystems. He shares examples and off....
July 27, 2017
Industry watcher Elka Popova, a Frost & Sullivan program director, shares her perspective on this acquisition, discussing Mitel's market positioning, why the move makes sense, and more.
July 14, 2017
Lantre Barr, founder and CEO of Blacc Spot Media, urges any enterprise that's been on the fence about integrating real-time communications into business workflows to jump off and get started. Tune and....
June 28, 2017
Communications expert Tsahi Levent-Levi, author of the popular blog, keeps a running tally and comprehensive overview of communications platform-as-a-service offerings in his "Choosing a W....
June 9, 2017
If you think telecom expense management applies to nothing more than business phone lines, think again. Hyoun Park, founder and principal investigator with technology advisory Amalgam Insights, tells ....
June 2, 2017
Enterprises strategizing on mobility today, including for internal collaboration, don't have the luxury of learning as they go. Tony Rizzo, enterprise mobility specialist with Blue Hill Research, expl....
May 24, 2017
Mark Winther, head of IDC's global telecom consulting practice, gives us his take on how CPaaS providers evolve beyond the basic building blocks and address maturing enterprise needs.
May 18, 2017
Diane Myers, senior research director at IHS Markit, walks us through her 2017 UC-as-a-service report... and shares what might be to come in 2018.
April 28, 2017
Change isn't easy, but it is necessary. Tune in for advice and perspective from Zeus Kerravala, co-author of a "Digital Transformation for Dummies" special edition.
April 20, 2017
Robin Gareiss, president of Nemertes Research, shares insight gleaned from the firm's 12th annual UCC Total Cost of Operations study.
March 23, 2017
Tim Banting, of Current Analysis, gives us a peek into what the next three years will bring in advance of his Enterprise Connect session exploring the question: Will there be a new model for enterpris....
March 15, 2017
Andrew Prokop, communications evangelist with Arrow Systems Integration, discusses the evolving role of the all-important session border controller.
March 9, 2017
Organizer Alan Quayle gives us the lowdown on programmable communications and all you need to know about participating in this pre-Enterprise Connect hackathon.
March 3, 2017
From protecting against new vulnerabilities to keeping security assessments up to date, security consultant Mark Collier shares tips on how best to protect your UC systems.
February 24, 2017
UC analyst Blair Pleasant sorts through the myriad cloud architectural models underlying UCaaS and CCaaS offerings, and explains why knowing the differences matter.
February 17, 2017
From the most basics of basics to the hidden gotchas, UC consultant Melissa Swartz helps demystify the complex world of SIP trunking.
February 7, 2017
UC&C consultant Kevin Kieller, a partner at enableUC, shares pointers for making the right architectural choices for your Skype for Business deployment.
February 1, 2017
Elka Popova, a Frost & Sullivan program director, shares a status report on the UCaaS market today and offers her perspective on what large enterprises need before committing to UC in the cloud.
January 26, 2017
Andrew Davis, co-founder of Wainhouse Research and chair of the Video track at Enterprise Connect 2017, sorts through the myriad cloud video service options and shares how to tell if your choice is en....
January 23, 2017
Sheila McGee-Smith, Contact Center/Customer Experience track chair for Enterprise Connect 2017, tells us what we need to know about the role cloud software is playing in contact centers today.