Data from VC Experts Indicates Two Separate Billion Dollar IPOs Possible for One Investor
Jack Dorsey a Founder of Twitter and Square
AUSTIN, Texas, Nov. 6, 2013
AUSTIN, Texas, Nov. 6, 2013 /PRNewswire/ -- Although there has been significant media coverage concerning the IPO of Twitter stock, little recognition has been given to the almost unprecedented success of one of the company's founding investors. Jack Dorsey, who owns 4.9% of Twitter stock, also is the largest single shareholder in Square, Inc., according to data and analyses obtained by VC Experts (www.vcexperts.com). The exclusively published information indicates Dorsey had 32.16% of Square, Inc. as of June 2013 following the $200 million investment from July 2012.
"Jack Dorsey may be a kind of new American Midas," said Ross Barrett, Chairman and co-founder of VC Experts. "Our analysis shows the current valuation of Square at $3,426,396 and Dorsey's share of that is worth about $1.2 billion. It could increase, of course, since Square's stock might go up in price before any exit."
VC Experts utilizes first access to corporate legal filings and then performs analysis on all available data to give an early insight into a company's structure, including ownership and executive team, details on series of preferred stock and price per share, shares calculated for incentive pool offerings, and prices per share of the common stock as well as numerous other dynamics affecting potential growth. The data and analyses by VC Experts are often available well ahead of other popular public disclosures and provide insights for investment decisions.
"A March 2013 filing for Twitter showed common stock prices at $17 a share," said Barrett. "The preferred series from July of 2011 was $16.09 so we knew that when the discount between preferred and common had disappeared that Twitter was likely to go public or take on new investment. Our clients had this important investment information many months ahead of the S-1 filing for the IPO."
About VC Experts: VC Experts provides powerful data to investors, entrepreneurs, lawyers, and other industry service providers involved in private equity investments and venture capital. VC Experts offers insights and behind the scenes details on terms and conditions, valuations, share prices, board members, and any factors influencing a funding deal.