News for hackers. Stuff that matters.
Re:Twilio opens trading at $23.99 per share by whatok on Thursday June 23, 2016 @12:54PM (#11962471)
You're overanalyzing it. The company priced 10mm shares at $15 with the banks running the IPO so:

company -> banks

The first actual public trade was $23.99 so

banks/clients of banks -> public markets.

Re:Twilio opens trading at $23.99 per share by siscia on Thursday June 23, 2016 @01:39PM (#11962902)
Aaah it makes more sense now :) thanks