Twitter Inc (NYSE:TWTR) May Exceed the $14 Billion Mark at Today’s Initial Public Offering (IPO)
After Facebook Inc (NASDAQ:FB) Twitter Inc (NYSE:TWTR) is expected to be the next hottest IPO. It is expected to get even better as the probability of it exceeding estimates is great; it is believed that Twitter price will be higher than what the experts are expecting. Experts believe that Twitter’s price is likely to hit the $28 per share mark and small time investors should not expect an initial drop down in its price.
Twitter’s value can go over $14 billion at the opening of the market today. These kinds of high priced IPOs are mostly favorable to underwriters of big banks and the company’s big wigs.
The current IPO price of Twitter stands at $26 per share.
Here is a list of a few insiders who hope to benefit from the hottest Initial Public Offering;
Twitter’s co-founder and chairman, Jack Dorsey hopes to benefit greatly from the hottest Initial Public Offering. The current SEC S-1 filling reveals that Dorsey has 23,453,017 Twitter shares, which makes his stake worth $60 million at the current Initial Public Offering price.
Google Inc (NASDAQ:GOOG)’s former group manager and Twitter’s current CEO, Costolo owns 7,675,239 Twitter shares that are worth $200 million at the price Twitter will have at its IPO.
Evan Williams, Twitter’s co-founder has the largest stake in Twitter as per S-1 filing. Williams is the owner of 56,909,847 Twitter shares that are worth $1.48 billion at the price being offered at IPO, which is $26 per share.
Union Square Ventures’ co-founder Fred Wilson owns 27,838,992 Twitter shares that are worth $724 million.
eBay Inc (NASDAQ:EBAY) early investors, Benchmark Capital’s general partner, Fenton owns 31,568,740 Twitter shares that are worth $31,568,740 at the price being offered at IPO. Fenton has been on Twitter’s board since the year 2009.
In the premarket, shares of Facebook Inc (NASDAQ:FB) went down by -0.18% ($49.03). in the last session, share of Google Inc (NASDAQ:GOOG) went up by 0.12% ($1,022.75) and shares of eBay Inc (NASDAQ:EBAY) went down by -0.32% ($53.11).