The Latest in IT Security

Twitter CEO, co-founders not to sell shares after lockup ends

14
Apr
2014

(Reuters) – Twitter Inc co-founders, Jack Dorsey and Evan Williams, and Chief Executive Richard Costolo have informed U.S. regulators that they did not plan to sell the microblogging companys shares after post-IPO restrictions are lifted in May. Twitter, which debuted on the New York Stock Exchange on November 7, had a 180-day restriction on sale of shares by early investors. Another Twitter investor, Benchmark, informed regulators that it did not plan to sell the stock before or immediately after the expiration of the lockup period on May 5. Twitters shares, which were priced at $26 each in its IPO, were up 2 percent at $40.95 in early trading on the New York Stock Exchange.

Comments are closed.

Categories

FRIDAY, APRIL 26, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments