# Twilio — Capital Time Machine Explore Twilio’s documented private funding prices alongside its historical IPO offer, with share-conversion assumptions and sources. Canonical citation: https://capitaltimemachine.com/private/twilio Dataset revision: ctm-research-2026-10-01; evidence register reviewed: 2026-09-19. Each observation retains its own check date. Publisher: CapitalTimeMachine. Methodology: https://capitaltimemachine.com/methodology ## What this supports The July 2014 two-for-one split is already reflected. Note 12 confirms 1:1 conversion; Class B maps 1:1 to Class A. Repurchases and acquisition consideration are excluded. ## Limitations - Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest. - Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter. - IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established. - User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded. - Selected surviving companies are not representative of private-market outcomes; investments may lose all value. ## Sourced observations ### TWLO-C — Series C preferred issuance Value: 2.98715 USD; scope: per_share_issuance_price Date: 2016-03-31; precision: day; role: historical_table_snapshot; actual investment date: not established Security: Series C preferred; share basis: retrospectively_split_restated Verification: primary_verified; checked: 2026-09-17 The July 2014 two-for-one split is already reflected. Note 12 confirms 1:1 conversion; Class B maps 1:1 to Class A. Repurchases and acquisition consideration are excluded. The displayed date is the financial reporting snapshot; it is not an investment date. Source: [SEC · Twilio filing — IPO prospectus (Form 424B4)](https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm) Source location: Related-party Series C/D/E financings; Note 12 Conversion and Stock Split Citation: https://capitaltimemachine.com/private/twilio#TWLO-C ### TWLO-D — Series D preferred issuance Value: 7.415 USD; scope: per_share_issuance_price Date: 2016-03-31; precision: day; role: historical_table_snapshot; actual investment date: not established Security: Series D preferred; share basis: retrospectively_split_restated Verification: primary_verified; checked: 2026-09-17 The July 2014 two-for-one split is already reflected. Note 12 confirms 1:1 conversion; Class B maps 1:1 to Class A. Repurchases and acquisition consideration are excluded. The displayed date is the financial reporting snapshot; it is not an investment date. Source: [SEC · Twilio filing — IPO prospectus (Form 424B4)](https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm) Source location: Related-party Series C/D/E financings; Note 12 Conversion and Stock Split Citation: https://capitaltimemachine.com/private/twilio#TWLO-D ### TWLO-E — Series E preferred issuance Value: 11.31 USD; scope: per_share_issuance_price Date: 2016-03-31; precision: day; role: historical_table_snapshot; actual investment date: not established Security: Series E preferred; share basis: retrospectively_split_restated Verification: primary_verified; checked: 2026-09-17 The July 2014 two-for-one split is already reflected. Note 12 confirms 1:1 conversion; Class B maps 1:1 to Class A. Repurchases and acquisition consideration are excluded. The displayed date is the financial reporting snapshot; it is not an investment date. Source: [SEC · Twilio filing — IPO prospectus (Form 424B4)](https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm) Source location: Related-party Series C/D/E financings; Note 12 Conversion and Stock Split Citation: https://capitaltimemachine.com/private/twilio#TWLO-E ### TWLO-OFFER — Twilio IPO offer Value: 15 USD; scope: public_offer_price_per_share Date: 2016-06-22; precision: day; role: offering_pricing; actual investment date: not established Security: Common; share basis: undefined Verification: primary_verified; checked: 2026-09-17 IPO offering price is an analytical mark, not a current quote or evidence that a private holder could sell at this price. Source: [SEC · Twilio filing — IPO prospectus (Form 424B4)](https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm) Source location: Prospectus cover: offering price and prospectus date Citation: https://capitaltimemachine.com/private/twilio#TWLO-OFFER ## Calculation options { "early_stage_assumptions": null, "ipo_offer_models": [ { "id": "TWLO-C-IPO", "company": "twilio", "start": "TWLO-C", "end": "TWLO-OFFER", "label": "Series C → IPO offer-price mark", "conversion_factor": "1", "split_adjustment": "already_reflected_do_not_apply_again", "reviewed_on": "2026-09-17", "basis_note": "The July 2014 two-for-one split is already reflected. Note 12 confirms 1:1 conversion; Class B maps 1:1 to Class A. Repurchases and acquisition consideration are excluded. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.", "source_url": "https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm", "source_locators": [ "Related-party Series C/D/E financings; Note 12 Conversion and Stock Split", "Prospectus cover", "Shares Eligible for Future Sale / Underwriting: selling restrictions" ] }, { "id": "TWLO-D-IPO", "company": "twilio", "start": "TWLO-D", "end": "TWLO-OFFER", "label": "Series D → IPO offer-price mark", "conversion_factor": "1", "split_adjustment": "already_reflected_do_not_apply_again", "reviewed_on": "2026-09-17", "basis_note": "The July 2014 two-for-one split is already reflected. Note 12 confirms 1:1 conversion; Class B maps 1:1 to Class A. Repurchases and acquisition consideration are excluded. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.", "source_url": "https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm", "source_locators": [ "Related-party Series C/D/E financings; Note 12 Conversion and Stock Split", "Prospectus cover", "Shares Eligible for Future Sale / Underwriting: selling restrictions" ] }, { "id": "TWLO-E-IPO", "company": "twilio", "start": "TWLO-E", "end": "TWLO-OFFER", "label": "Series E → IPO offer-price mark", "conversion_factor": "1", "split_adjustment": "already_reflected_do_not_apply_again", "reviewed_on": "2026-09-17", "basis_note": "The July 2014 two-for-one split is already reflected. Note 12 confirms 1:1 conversion; Class B maps 1:1 to Class A. Repurchases and acquisition consideration are excluded. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.", "source_url": "https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm", "source_locators": [ "Related-party Series C/D/E financings; Note 12 Conversion and Stock Split", "Prospectus cover", "Shares Eligible for Future Sale / Underwriting: selling restrictions" ] } ], "valuation_comparisons": [], "user_entered_private_prices": false, "entered_public_price_review": { "company": "twilio", "ticker": "TWLO", "issuer_cik": "1447669", "model_ids": [ "TWLO-C-IPO", "TWLO-D-IPO", "TWLO-E-IPO" ], "from_date": "2024-06-10", "through_date": "2026-09-19", "reviewed_on": "2026-09-19", "status": "reviewed_user_price_scenario", "historical_only": false, "limitation": "Entered price is unverified. Use the actual common-share price on its dated basis, not a dividend-adjusted or retrospectively split-adjusted history.", "listed_equivalent_factor": "1", "splits": [], "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1447669/000104746916013968/a2229005z424b4.htm", "title": "Original IPO share basis", "locator": "Prospectus / offering and capital-stock terms; the existing private-to-IPO model supplies the entry conversion." }, { "url": "https://www.sec.gov/Archives/edgar/data/1447669/000144766926000092/twlo-20260630.htm", "title": "Issuer 10-Q · 2026-08-07", "locator": "Common-stock presentation and corporate-action screening. A missing split keyword alone is not evidence of a complete history." }, { "url": "https://www.stocksplithistory.com/?symbol=TWLO", "title": "Supplemental split-history screen", "locator": "Dated post-IPO corporate actions only. Ticker reuse can introduce unrelated pre-IPO events; those are excluded. No market quote was copied." } ], "review_note": "Entry-to-IPO conversion reuses the approved company-specific model. The post-IPO corporate-action screen matches the issuer CIK and excludes reused ticker history predating its IPO. This is a bounded price-only scenario, not a licensed quote or a certified corporate-action feed." }, "public_ipo": null } ## Reuse and corrections Link to the company page and original evidence, retain dates, units and limitations. Third-party source terms remain applicable; no new license to third-party material is granted. https://capitaltimemachine.com/terms Corrections: mailto:capitaltimemachine@gmail.com