Twilio Inc. TWLO,
announced on Thursday afternoon that it expects to sell $ 1 billion in new shares after its shares soared to record levels after a strong earnings report. Shares fell 2.5% on the floor, after a 7.7% rise in the regular session, to a record close of $ 443.49. The San Francisco software company reported on Wednesday afternoon that revenue jumped 65% in the fourth quarter, reaching $ 500 million in the three-month period. Twilio went public in 2016 at $ 15 per share, valuing the company at around $ 1.2 billion; Twilio’s market capitalization reached $ 65 billion for the first time on Thursday. The company did not announce the share price, but said it could sell up to $ 150 million more than its $ 1 billion target.
