Press Release: Twilio Files For Follow-On Public Offering

Twilio Inc. (NYSE: TWLO), a leading Cloud Communications Platform company, today announced that it filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed follow-on public offering of shares of its Class A common stock. A majority of the shares in the proposed offering are expected to be sold by existing stockholders. Twilio will not receive any proceeds from the sale of the shares by the selling stockholders. The number of shares of Class A common stock to be sold and the allocation of the shares between Twilio and existing stockholders has not yet been determined.

Goldman, Sachs & Co. and J.P. Morgan Securities LLC will act as joint book-running managers for the proposed offering. Allen & Company LLC; Pacific Crest Securities, a division of KeyBanc Capital Markets Inc.; JMP Securities LLC; William Blair & Company, L.L.C.; and Canaccord Genuity Inc. will act as co-managers.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from either Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com; or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204, or email: prospectus-eq_fi@jpmchase.com.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Source: Twilio Inc.