VC-backed tech company Twilio files for a $100 million IPO

VC-backed tech company Twilio files for a $100 million IPO

Twilio, which develops APIs that help developers easily add SMS, voice and VoIP functionality to applications, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

The San Francisco, CA-based company was founded in 2007 and booked $193 million in sales for the 12 months ended March 31, 2016. It plans to list on the NYSE under the symbol TWLO. Twilio filed confidentially on November 6, 2015. Goldman Sachs and J.P. Morgan are the joint book runners on the deal. No pricing terms were disclosed.

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