Twitter founder Jack Dorsey is worth $1.3bn as of September 2013. So with the $1bn float plan, can ahem, Jack become the king of tech IPOs?
Going by the history of tech IPOs, this is widely speculated to be a tall order.
But Twitter stakeholders are expected to become billionaires and millionaires? Who are they? Business Insider has done some clever calculations. (They have assumed an opening price of $29 per share.)
Here’s the list:
1. Jack Dorsey, executive chairman
Total shares owned: 23,411,350
Estimated value: $679m
2. Dick Costolo, CEO
Total shares owned: 7,589,608
Estimated value: $220m
3. Ev Williams, founder
Total shares owned: 56,909,847
Estimated value: $1.65bn
4. Adam Bain, president/global revenue
Total shares owned: 1,722,350
Estimated value: $50m
5. Series G holders: Yuri Milner’s DST, T Rowe Price, Chris Sacca and others
Total shares owned: about 5%, or 24 million
Estimated value: $696m
6. Peter Currie, board member
Total shares owned: 291,666
Estimated value: $8.5m
7. Benchmark Capital
Total shares owned: 31,568,740
Estimated value: $915m
8. David Rosenblatt, board member
Total shares owned:283,333
Estimated value: $8.2m
9. Series C and D holders Rizvi Traverse and Spark Capital
Total shares owned: 24 million (about 5%)
Estimated value: $680m
10. MoPub stockholders
Total shares owned: 14,791,464
Estimated value: $429m
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