Twilio: Why Haven't You Sold Already?
Twilio proposed a secondary offering of $400 million led primarily by selling shareholders.
The valuation of the company is now $6 billion based on the fully diluted share count while revenue expectations are only $255 million.
Investors should not buy from insiders dumping shares at inflated valuations.
After the close on a Friday, Twilio (NYSE:TWLO) snuck out a proposed secondary despite only completing an IPO about four months ago. The communications software provider has seen the stock rocket since going public.
Read the full article on Seeking Alpha.
Disclosure: No position. Please review the disclaimer page for more details.