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U.S. API specialist’s shares to start trading in New York on Thursday.
Twilio on Wednesday shared pricing details of an initial public offering that raised US$150 million.
San Francisco-based Twilio, which provides APIs for voice , video and messaging applications, offered 10 million shares at $15 each, above the $12-$14 price range it indicated earlier this month.
Underwriters have 30 days to purchase up to 1.5 million additional shares at the IPO price, Twilio said.
The company added that its shares are due to begin trading on the New York Stock Exchange on 23 June under the TWLO symbol.
The IPO gives Twilio a market capitalisation of $1.2 billion.
In its share prospectus, Twilio generated revenues of $166.9 million last year, almost double its 2014 figure, while first quarter 2016 turnover increased by 78% year-on-year to $59.3 million.
The firm’s net loss for 2015 was higher than in previous years at $38.9 million, but its Q1 loss narrowed to $6.5 million from $8.7 million a year earlier.
Twilio counts taxi service Uber, U.S. fashion retailer Nordstrom, and enterprise cloud company ServiceNow among its high-profile customers.
