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Twilio Shares Soar On First Day Of Trading

  • BBC, Friday, June 24, 2016 8:16 AM

Shares in software firm Twilio have soared almost 88% on their first day of trading in New York. The IPO is the first this year by a so-called technology "unicorn". Twilio's platform that enables developers to incorporate phone calls and text messages into their apps. Shares were priced at $15 but closed at $28.19, valuing the company at more than $2bn.

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