The secret investor scores with Twitter

Suhail Rizvi. You may be asking, “Who is that?” just as I do, and you most probably couldn’t even search him up because this mysterious man employs a person to clear his Wikipedia entry and his pictures from the Internet. So who exactly is him? Rizvi, the founder of New York private equity form Rizvi Transverse Management, will be one of the biggest winners from Twitter going public in the following weeks. With the previous mention of a company going public from private with providing the IPO during last class, I found this news related and interesting.

The 47 year-old financier had quietly invested in Twitter with a 15% stake at a cost of $1 billion. These shares are known to be distributed among several other investors, but any other details such as the size of Rizvi’s personal stake are not disclosed. Other than Twitter, Rizvi had been active in matchmaking private investors with the microblogging site; before that, he was focused on deals of Hollywood that includes buying and selling the film studio behind the “Twilight” series.

Despite keeping in his low profile, Rizvi is “not to be underestimated. His approach to traditional media as well as technology has put him in a great position,” as said by Jeremy Zimmer from a competitor company of ICM, an agency Rizvi had dealt with.

 

Source:

http://ibnlive.in.com/news/suhail-rizvi-poised-to-score-big-with-twitter-ipo/426508-11.html

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