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BlackRock has offered to buy about $80M in Twitter stock from early employees that would value...
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Saturday, January 26, 12:48 PM ETBlackRock has offered to buy about $80M in Twitter stock from early employees that would value the company at more than $9B, reports the FT. This is above the $8.4B Twitter was valued at in its last major funding round in 2011, but below the $10B-$11B valuation in 2 smaller transactions late in 2012.
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This news story has 7 comments:
When you eliminate all the upside before it hits the mkt, the only people that benefit are the ones selling the stock at the IPO date. Someday investors will wake up and hopefully get rid of SarBox for small cap companies. We have literally destroyed the small IPO market as a result of Congressional overreach but what else is new?
The Fat Finger of Government is everywhere.
It is true that tech startups hate sox, but that does not mean sox is a bad thing. We saw the reasons with facebook -- sometimes when you have to do honest accounting the results do not quite measure up with the hype. As an investor, i prefer to have sox around. You can always choose to believe the hype if you want. But having more reliable information is always an advantage.