Hollywood investor Suhail Rizvi biggest gainer with Twitter IPO

Hollywood investor Suhail Rizvi will be the biggest winner when Twitter goes public in few days from now. Founder of New York based investing firm ‘Rizvi Traverse Management’ secretly acquired more than 15 percent stake of this microblogging site which cost more than $1 billion.

The name revealed as Twitter preparing for filing its IPO registration with U.S. securities regulators, revealing the identities of top shareholders.

The eight-year-old Twitter will be the second biggest social networking site after Facebook Inc to become a public.

Chris Sacca, a former Google executive and Twitter investor backed Rizvi to invest in this micro-blogging site in 2011 when Twitter was still struggling to make money.

(Additional source: Reuters)

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