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Rediff.com  » Business » The rich list: Twitter IPO will make a few multi-millionaires

The rich list: Twitter IPO will make a few multi-millionaires

October 30, 2013 08:38 IST

The rich list: Twitter IPO will make a few multi-millionaires

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Alexei Oreskovic

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:

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Image: A person takes a slice of cake which is decorated in blue icing sugar with a Twitter logo at a bakery in Skopje.
Photographs: Ognen Teofilovski/Reuters
Tags: IPO

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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.

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Photographs: Brian Solis/Wikimedia Commons

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The rich list: Twitter IPO will make a few multi-millionaires

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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.

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Image: Jack Dorsey
Photographs: Courtesy, Twitter

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The rich list: Twitter IPO will make a few multi-millionaires

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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.

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Image: Dick Costolo (L),chief executive of Twitter.
Photographs: Carlo Allegri/Reuters
Tags: Costolo , IPO , COO

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The rich list: Twitter IPO will make a few multi-millionaires

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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.

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Photographs: Courtesy, Twitter

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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.

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Image: David Rosenblatt
Photographs: Courtesy, Twitter

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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.

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Photographs: Courtesy, Twitter

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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.

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Photographs: Reuters

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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.

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Photographs: Reuters

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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.

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Photographs: Reuters

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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.


Photographs: Reuters

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