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Twitter IPO Sets In Flight Billionaires

wochit business
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November 07, 2013 AT 9:57 AM
Twitter's rocketing IPO takes two of its founders on a ride into billionaire territory and a wave of millionaires along for the journey. The micro-blogging service went public on the NYSE as shares opened at $45.10 and quickly shot past $50 before settling into the mid-40s. Based on today's trading high and stock holdings before the offering, co-founder Evan Williams' stock would be worth $2.7 billion. Co-founder Biz Stone presumably sold his shares ahead of the IPO and co-founder Noah Glass was reportedly kicked out of the company and holds no valuable stake if any.