Twilio is Voluntarily Delisting from Long-Term Stock Exchange

But Trading and Listing Will Continue at New York Stock Exchange

Twilio delisting from stock exchange

Twilio, the San Francisco-based provider of a customer engagement platform, is voluntarily delisting its Class A common stock from the Long-Term Stock Exchange (LTSE), the company said in an announcement on December 9.

Dual-listed on both the LTSE and the New York Stock Exchange (NYSE), Twilio’s shares of Class A common stock will be removed from the LTSE at the close of markets on December 29, 2022. The LTSE is a national securities exchange founded in 2019 that was built to support long-range vision and long-term planning, Twilio stock, however, will continue to be traded and to be listed at the NYSE.

Twilio explains that as part of its commitment to non-GAAP operating profitability beginning in 2023, it has come to the conclusion that the costs associated with maintaining a dual listing could no longer be justified.

Related Article: Twilio Research: Significant Gap Revealed in CX Qualities Most Desired by Consumers

Twilio did not furnish any numbers or provide additional information, but many companies dual-list to gain benefits like increased liquidity and access to additional capital. Nonetheless, dual-listing is also expensive because of the costs involved not only in the initial listing but also in ongoing listing expenses.

The cloud provider of a platform for delivering personalized CX, Twilio in September laid off nearly 1,000 employees, or 11% of its total workforce. CEO Jeff Lawson had said the company “simply grew too fast, and needs to focus on profitability and core priorities.”

Author Information

Alex is responsible for writing about trends and changes that are impacting the customer experience market. He had served as Principal Editor at Village Intelligence, a Los Angeles-based consultancy on technology impacting healthcare and healthcare-related industries. Alex was also Associate Director for Content Management at Omdia and Informa Tech, where he produced white papers, executive summaries, market insights, blogs, and other key content assets. His areas of coverage spanned the sectors grouped under the technology vertical, including semiconductors, smart technologies, enterprise & IT, media, displays, mobile, power, healthcare, China research, industrial and IoT, automotive, and transformative technologies.

At IHS Markit, he was Managing Editor of the company’s flagship IHS Quarterly, covering aerospace & defense, economics & country risk, chemicals, oil & gas, and other IHS verticals. He was Principal Editor of analyst output at iSuppli Corp. and Managing Editor of Market Watch, a fortnightly newsletter highlighting significant analyst report findings for pitching to the media. He started his career in writing as an Editor-Reporter for The Associated Press.

SHARE:

Latest Insights:

Focus on Accelerating Software-Defined Vehicle Development with Standardized Compute Subsystems
Olivier Blanchard, Research Director at Futurum, shares insights on Arm’s Zena Compute Subsystems, which help automakers cut vehicle launch time by a year and scale AI capabilities across software-defined vehicles.
AMD Introduces the Ryzen 5 5500X3D, a 6-Core Zen 3 CPU With 3D V-Cache, Designed Exclusively for the Latin American Market To Serve Budget-Conscious PC Gamers
Olivier Blanchard, Research Director at Futurum, shares insights on AMD’s Latin America-exclusive Ryzen 5 5500X3D and what the move says about the company’s long-term support for the aging AM4 platform.
Lenovo Unveils Workstation, ThinkStation, and Services Portfolio Updates at NXT BLD 2025
Olivier Blanchard, Research Director at Futurum, shares his insights on Lenovo’s new workstation offerings and ThinkStation upgrades designed to optimize remote performance, AI development, and spatial computing workflows.

Latest Research:

In our latest market brief, Unlocking the Future of Hybrid Cloud with Red Hat OpenShift Virtualization, developed in partnership with Red Hat, The Futurum Group outlines the evolving virtualization landscape, the economic and operational drivers behind infrastructure modernization, and the technical innovations powering OpenShift’s hybrid cloud strategy.
In our latest Market Brief, The AI-Powered Content Revolution, created in partnership with Egnyte, Futurum explores how AI is transforming cloud content management from static storage into a dynamic system of insight, automation, and compliance. The report offers guidance on how enterprises can deploy AI agents, streamline knowledge discovery, and future-proof their content operations.
In our latest market brief, Modern Data Protection for Modern Threats: A Strategic Blueprint for Cyber Resilience, written in collaboration with Quantum, Futurum outlines how IT leaders can move beyond reactive data protection toward proactive recovery-readiness by implementing a multi-tiered and performance-optimized cyber resilience architecture.

Book a Demo

Thank you, we received your request, a member of our team will be in contact with you.