 | « Back to article | Print this article |
The rich list: Twitter IPO will make a few multi-millionaires
Twitter is preparing to sell 70 million shares to the public in an IPO that will value the company at $10.9 billion. Below is a list of the number of shares owned by some of the people and investment firms that will benefit most from the offering:
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
Executive officers and directors:
Evan Williams
56,909,847 shares, or 12 percent
Williams was Twitter's CEO until 2010, when current chief Dick Costolo took the helm. He is now working on a publishing platform, Medium, dedicated to long-form content. Williams will have a 10.4 percent stake after selling shares in the IPO, according to the company's most recent prospectus.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
Jack Dorsey
23,453,017 shares, or 4.9 percent.
Dorsey co-founded Twitter and still serves as its chairman. In 2009, he founded payments service Square and serves as its CEO. Dorsey will have a 4.3 percent stake after the IPO.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
Dick Costolo
7,675,239 shares, or 1.6 percent
A one time improvisational comedian, Costolo took the helm of Twitter in 2010. He joined Twitter as COO the year before, after he and co-founders sold their web feed management provider FeedBurner to Google in 2007. Costolo will have a 1.4 percent stake after the offering.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
Adam Bain
1,785,818 shares, or less than 1 percent
Bain is the president of global revenue at Twitter. He was formerly the president of audience network at News Corp's Fox Interactive Media.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
David Rosenblatt
291,666 shares, or less than 1 percent.
Rosenblatt is the CEO of luxury online retailer 1stdibs.com and is a member of Twitter's board of directors.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
The following groups own at least 5 percent:
Rizvi Traverse Management and affiliates
85,171,093 shares, or 17.9 percent.
A closely held private-equity fund based in Michigan, Rizvi has made a name for itself by buying stakes in entertainment companies such as Playboy and movie producer Summit Entertainment.
Last year, it led a $200 million funding round in Jack Dorsey's payments company, Square. The group will have a 15.6 percent stake in Twitter after the IPO.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
Spark Capital and affiliates
32,414,224 shares, or 6.8 percent
Venture firm Spark started investing in Twitter in 2008. For a time, Spark partner Bijan Sabet served on Twitter's board. The group will have a 6 percent stake after the IPO.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
Benchmark
31,567,052 shares, or 6.6 percent.
Venture firm Benchmark started investing in Twitter in 2009 when it was valued in the $200 million-$250 million range. Benchmark will have a 5.8 percent stake after the IPO.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
Union Square Ventures and affiliates
27,838,992 shares, or 5.9 percent
Venture firmUnion Square started investing in Twitter in 2008. For a time, USV partner Fred Wilson served on Twitter's board. The group will have a 5.1 percent stake after the sale.
Click NEXT to read more...
The rich list: Twitter IPO will make a few multi-millionaires
DST Global and affiliates
23,744,745 shares, or 5 percent
The investment firm founded by Russian billionaire Yuri Milner led a $400 million investment in Twitter in 2011. At the time, Twitter was valued at around $8 billion. The group will have a 4.4 percent stake after the IPO.
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.