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A comment on Twitter to offer 70M shares priced at $17-$20 to raise up to $1.4B in IPO.

Re:Twitter to offer 70M shares priced at $17-$20 to raise up... by cperciva on Thursday October 24, 2013 @05:09PM (#6607983)
Several of the company’s directors and executives are sharing stock. Chairman Jack Dorsey is selling roughly .6 percent of the company and will own 4.3 percent after the offering — making his share worth around $434 million. Co-founder Evan Williams is selling 1.6 percent of the company and will own 10.4 percent after the offering. Williams will be worth just over $1 billion if the shares go at a median price of $18.50. CEO Dick Costolo will own 1.4 percent of the company after IPO.

I don't see any sign that anyone is selling stock... these numbers are all consistent with 13% dilution due to Twitter issuing new stock.

[ Parent | on HN ]
Re:Twitter to offer 70M shares priced at $17-$20 to raise up... by jpmattia on Thursday October 24, 2013 @07:28PM (#6608789)
It looks like TC didn't look at the table in the S-1 correctly: http://edgar.sec.gov/Archives/edgar/data/1418091/00011931251... (top of page 154)

That page + the "Several of the company’s directors and executives are sharing stock" (sharing? These are shared shares as opposed to all those unshared shares) indicates not a lot of care went into the writeup.

[ Parent | on HN ]