Twilio’s success will provide a shot in the arm to the struggling IPO market, said TheStreet’s Jim Cramer. Twilio shares, now trading above $40, priced at $15 each in June, raising $150 million by selling 10 million shares. Six Wall Street firm’s launched coverage on the tech company Monday, and all but one has a neutral, or equivalent, rating on the stock primarily due to its valuation. Cramer also said he took a little profit off of his Facebook position because it was successful and had simply “gotten too big”.
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