Identical twins are babies from one egg and one sperm. The egg splits and two babies are formed. They are more rare. May have one shared placenta (sack), two separate placentas, or two placentas fused into one. . Fraternal twins are babies that are from two sperm and two eggs. May have two separate placentas or two placentas fused into one.. . There is also another type of twin that comes from one split egg and two sperm, but that's another story altogether.