Twitter’s IPO Has Created 1,600 Millionaires

Published November 12, 2013 | By JustinC

PrivCo, the market research analyst, has revealed that Twitter’s recent Initial Public Offering (IPO) created a staggering 1,600 new millionaires; mostly amongst its employees. PrivCo calculated this information based on the number of shares held a day after the IPO, when shares closed at around $40.

PrivCo also calculated that the tax bill for the IPO would have been around $2.2 billion.