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Re:Twilio opens trading at $23.99 per share by whatok on Thursday June 23, 2016 @11:25AM (#11961680)
Literally no one in the industry looks at IPOs that way.
Re:Twilio opens trading at $23.99 per share by knicholes on Thursday June 23, 2016 @11:26AM (#11961701)
There exists at least one in the industry who looks at IPOs this way (as manifested by the parent comment).
Re:Twilio opens trading at $23.99 per share by whatok on Thursday June 23, 2016 @11:38AM (#11961819)
The OP's profile leads me to believe they're not in finance although I could be wrong.

Change in market cap is a very awkward way to look at a recent public company because it's a very volatile measure and also is harder to mentally extrapolate other metrics from.