Twitter's IPO Created 1,600 New Millionaires And A $US2.2 Billion Tax Bill, Analyst Says

Twitter OfficeOne lucky Twitter employee at the Twitter offices

Market research analyst PrivCo has uncovered an amazing stat about Twitter’s IPO: It created 1,600 new millionaires, mostly from rank-and-file employees,
it said in a blog post.
PrivCo keeps detailed records on private companies and calculated the new millionaires based on the shares held by insiders a day after the IPO, when shares closed at about $US40.

Just for fun, PrivCo calculated the tax bill this IPO created, too: $US2.2 billion:

  • Total Twitter millionaires created: 1,600
  • Total Twitter IPO California State Tax Windfall : $US479 Million
  • Total Twitter IPO IRS Tax Windfall: $US1.72 Billion

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