If You'd Invested $1,000 in Twilio in 2016, This Is How Much You Would Have Today
Twilio (NYSE: TWLO) has been one of the best-performing tech IPOs of the past five years. The cloud services company went public at $15 per share in June 2016, and the stock opened at $23.99 on its first trading day.
Twilio currently trades at nearly $340 per share, so a modest $1,000 investment in its IPO would be worth more than $22,000 today. Let's see why Twilio generated such massive multibagger gains, and whether or not this high-flying stock could still have more room to soar.
Twilio was founded in 2008, just a year after Apple launched its first iPhone. Its cloud-based platform greatly simplified the development of communication features within mobile apps.
Source Fool.com
