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Mysterious India-Born Investor Earns Big From Twitter: Reports
New York: A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.
Suhail R. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter, with a 15.6 percent stake worth $3.8 billion at the end of trading Thursday, the New York Times reported.
"Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan's wealthiest clients," the influential daily said.
"Rizvi's rise illustrates how a new tech investor class with deep Wall Street connections is carving new paths into the unfamiliar and insular terrain of Silicon Valley," it said.
"His money and connections have also led to slices of several other hot start-ups: Flipboard, the social news app; Pinterest, an online pinboard; Square, Jack Dorsey's payments service; and Twitter, Dorsey's other company," the Times said.
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Source: IANS
