Investor Suhail Rizvi halves stake in Twitter
When Twitter’s IPO was in the works, Suhail Rizvi quietly amassed a stake of more than 15% in the microblogging phenomenon for himself and his investors, Reuters reported.
Rizvi also played a role in convincing Kingdom Holding Co, Saudi Prince Alwaleed bin Talal’s investment company, to buy additional Twitter stock, Reuters reported in 2013.
His private-equity firm owned 1.4 million Twitter shares as of June 30, down 50% from March 31, according to a filing. That would give him a stake of about 0.2%, according to a Reuters calculation.
The firm’s stake in Square rose to 1.05 million Class A shares from about 44,000. That works out to a stake of about 0.3%. Both