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Twilio Dips on Announcement of $750M Secondary Stock Offering

M. Corey Goldman

Twilio stock was down 1.24% at $127.65 in mid-afternoon trading on The New York Stock Exchange Thursday after the San Francisco-based company said it plans to offer $750 million of its Class A stock. The San Francisco-based company has about 126 million shares outstanding. JPMorgan and Goldman Sachs are joint book-running managers for the offering.