It appears that Twitter's IPO is on its way to the top and is doing extremely well on its first day of sales, the networks shares are said to be currently $26 per share at opening sales cost. COUNT US IN, will you be holding your points of the 70 million shares of common stock at the $26 price point? These shares will easily see Twitter net $1.82 billion.
This suggests that Twitter will be pushed into the ballpark of a valuation of $14.16 billion based on: 545 million non-diluted shares, or a maximum of around $18.1 billion based on 705 million fully-diluted shares. So, how will they divide up these billions of dollars?
Twitter co-founder, Evan Williams, takes in a 10.4% stake that would be over, if not give or take a few, of $1.48 - without any options. Jack Dorsey's stake is worth a hefty $609 million, and investor Peter Fenton's shares are worth an even more beautiful number of $820 million.
Twitters CEO, Dick Costolo's shares are worth a levelled $199 million, but, with 16% of the shares, Rizvi Traverse has a nice $2.21 billion worth. Lastly, we have Union Square Ventures also sitting snug with a $723.8 billion stake in the social media network. We suggest that you get your shares if you are a frequent Twitter user.
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