Shares of business messaging company Twilio ended trading essentially flat Tuesday after initially tanking 12 percent a day after the company announced a $2 billion all-stock deal for mass emailing company SendGrid.
Twilio stock fell below $67 at its lowest point Tuesday, but closed just a fraction of 1 percent down at $75.92.
The company facilitates customer communication for software developers, and SendGrid offers at-scale emailing services.
Shares of SendGrid rose 18 percent Tuesday.
Twilio stock has far outpaced the overall market this year, up more than 220 percent in 2018.