Twilio prices IPO above targeted price Twilio priced its IPO at $15 a share, a price that values the company at around $1.23 billion. The maker of tools for adding voice and messaging capability to apps had targeted a share price of $12 to $14 in previous filings. The offering has been closely watched in tech circles given the dearth of IPOs for venture-backed technology companies this year. Okta reportedly eyeing IPO or sale One unicorn just went public; another may be waiting in the wings. Okta, a cloud identity management company recently valued at $1.2 billion, has hired Goldman Sachs to lead a public offering or sale, according to a Reuters article citing unnamed sources. San Francisco-based Okta has raised close to $230 million in venture funding, with backing from Sequoia Capital and Andreessen Horowitz. Circle raises $60M to fuel China payments expansion Payment app Circle announced that it has raised $60 million and will scale up a new Beijing-based company called Circle China to extend its service to Chinese consumers. Existing investor IDG Capital Partners led the round, with participation from Breyer Capital and a syndicate of China-based strategic investors. Circle also announced plans to expand in Europe. Delaware is the latest hotspot for offshoring startups Americans are used to hearing about companies moving overseas to cut wage and tax costs. Lately, however, startups in many countries are “offshoring” to the United States, incorporating in Delaware and setting up U.S. bank accounts. The influx, according to a Bloomberg article, is largely the result of a program from digital payment tools provider Stripe called Atlas that targets companies in developing countries looking to make it easier to do business internationally. Introducing new ways to access CrunchBase Data Uncover new opportunities, discover industry trends, and build powerful apps using the Daily Excel Export or API. |