Twilio Inc. TWLO, +7.73% announced Thursday afternoon that it expects to sell $1 billion in fresh shares, after its stock zoomed to record highs following a strong earnings report. Shares dipped 2.5% in after-hours trading, following a 7.7% spike in the regular session to a record close of $443.49. The San Francisco software company reported Wednesday afternoon that revenue jumped 65% in the fourth quarter, topping $500 million in the three-month period. Twilio went public in 2016 at $15 a share, valuing the company at roughly $1.2 billion; Twilio’s market capitalization topped $65 billion for the first time Thursday. The company did not announce a price for the shares, but did say that it could sell up to $150 million more than its $1 billion target.
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