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.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Coatue Offshore Master Fund||0||553,987||0||553,987||553,987||5.54%|
Page 1 of 11 – SEC Filing
(Name of Issuer)
Class A Common Stock, $0.001 par value per share
(Title of Class of Securities)
June 30, 2016
(Date of Event Which Requires Filing of this Statement)