Twilio (ask your dev) to IPO

One of Silicon Valley's so-called unicorns is going public.

Comms company Twilio has filed IPO paperwork with US financial watchdog the SEC and is looking for $100m. It hasn't released the number of shares it intends to sell however, making it impossible to see how much the San Francisco-based upstart it seeking to value itself at.

Twilio provides cloud-based software that other developers use to add text, voice and video to their apps and services. It lost $38.9m last year on $166.9m in revenue. For the first quarter of this year, it lost $6.5m with revenue of $59m. ®

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