A new 13G filing with the Securities and Exchange Commission shows that Philippe Laffont‘s Coatue Management has acquired 625,000 class A common shares of Twilio Inc (NYSE:TWLO), which account for 6.25% of the company’s total outstanding stock. The acquisition represents a new addition to Coatue Management’s portfolio.
Twilio is a cloud communications company which recently went public. Since it started trading on June 24 the company’ stock has been a resounding success, gaining 29.56%. The stock’s success could prove a boon to the IPO market, which has stagnated of late due to under-performance, pushing many companies to remain private. Twilio will announce its quarterly results for the first time as a publicly-traded company on August 8.
You can access the original SEC filing by clicking here.
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Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Coatue Management | 0 | 625,000 | 0 | 625,000 | 625,000 | 6.25% |
| Coatue Offshore Master Fund | 0 | 553,987 | 0 | 553,987 | 553,987 | 5.54% |
| Philippe Laffont | 0 | 625,000 | 0 | 625,000 | 625,000 | 6.25% |
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Page 1 of 11 – SEC Filing
| Twilio Inc. |
| (Name of Issuer) |
| Class A Common Stock, $0.001 par value per share |
| (Title of Class of Securities) |
| 90138F102 |
| (CUSIP Number) |
| June 30, 2016 |
| (Date of Event Which Requires Filing of this Statement) |
