Twitter’s IPO to bring huge windfall for initial Investors

Twitter’s planned initial public offering (IPO) is expected to bring a huge windfall for its initial investors.In private transactions, Twitter shares are reportedly now being valued at nearly $30 apiece.The company now values much more than the $8 billion valuation that it received in 2011, when it had raised funds
Twitter’s planned initial public offering (IPO) is expected to bring a huge windfall for its initial investors.

In March, the micro-blogging site said that it was valuing the stock it was offering to its employees at $17 per share. In private transactions, Twitter shares are reportedly now being valued at nearly $30 apiece.

It means the company now values much more than the $8 billion valuation that it received in 2011, when it had raised funds.
In 2007, when Twitter co-founder Evan Williams was looking for investors for his social network, old friend Dick Costolo, who is now the CEO of Twitter, had agreed to invest $25,000 in the company.

As the company is now going to be public, like other initial investors, Costolo also stands to reap huge rewards for his small investment that he made in the beginning.
As per some reports, Costolo’s initial investment in the company is now worth more than $10 million. The additional shares that he earned as an executive of the company over the past years will fetch many millions more when sold.

Though Twitter’s public offering will not be as large as Facebook’s $16 billion IPO, yet it is expected to create a new club of multimillionaires.

Source- http://www.topnews.in

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