Shares of Twilio (TWLO) - Get Report just won't stop going higher. Shares of the cloud-communications company are up another 14% Wednesday. At around $34, the stock is $19 per share above its initial public offering. The stock has more than doubled from its IPO last week, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, pointed out on CNBC's "Stop Trading" segment.
Had Twilio gone public in February 2014, this "original unicorn" likely could have commanded a valuation four times that of its IPO valuation, Cramer reasoned.
This is just a reminder of some of the great things that can happen to great companies when they come public. Despite the run, shares could have even more upside, he said.
At the time of publication, Cramer's Action Alerts PLUS had a long position in FB.