Twilio shares open at $23.99, 60% higher than IPO price

Shares of Twilio rocketed in their first day of trading, soaring 68 percent over the IPO price to $25.30 in early trading this morning. Twilio saw its market value explode to $2.1 billion, roughly twice the valuation it saw during its latest funding round.

Twilio has gained tremendous momentum over the last few years of course, although it competes in a very competitive market of players that provide messaging, video and voice services across platforms. Regardless, its public debut is good news for some other major players looking to go public in a market that hasn't recently seen many major IPOs. Article