The business communication technology provider, which had raised $240m from investors including Amazon and Salesforce, will float above its range.

Twilio, a US-based business communication platform backed by corporates Amazon and Salesforce.com, is set to raise $150m in its initial public offering after pricing 10 million shares at $15 each yesterday.

The company will float on the New York Stock Exchange and the share price is higher than the $12 to $14 range it set last week. The $15 share price means it will be worth just over $1.2bn.

Twilio’s technology embeds real-time communication and authentication in companies’ software.…