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Alwaleed reaffirms retains his shares on Twitter, when you put it in the stock market
Saudi billionaire Prince Alwaleed Bin Talal that he will not neglect any of the shares owned in the micro-blogging site Twitter, when you put the social site to go public on the stock exchange.
And Prince Alwaleed Bin Talal stressed that Twitter is a strategic investment for him, adding in remarks to Reuters news “we have invested 300 million dollars and will not sell any of the shares during the IPO.
And Saudi billionaire is the first company offering Twitter later this year or early 2014, adding that the company which owns the social networking site is moving toward IPO fundraising pace therefore this will be sooner rather than later.
Prince Alwaleed Bin Talal, owner and founder of the Kingdom holding company, has invested $ 300 million for a stake in Twitter late 2011, but declined to comment on whether it will buy additional shares when the company asked the stock exchange.
This, he predicted the Prince would testify first successful launch, Twitter, saying “the company is in the process of starting, with 300 million users and a half daily tweet, the prospects for growth.”
He predicted that exceed the value of the company that developed it, assessments of the success of “Twitter” in increasing his ads over mobile phones as well as increasing its base of users, the Saudi Prince said that Twitter is an open forum for all and contributed significantly to accelerate the transmission of news, and that the site would remain open without censorship, he stands in front of anyone trying to control or censor Twitter or any other social media, even if the Governments themselves.
Current projections indicate that the company is “Twitter” for public subscription between $ 14 and $ 15 billion, a company that had announced a few days ago I made the initial paperwork to go public on the stock exchange.
In contrast, the Saudi billionaire had advised Dick kostolo, CEO of Twitter, bdaror extreme caution and not to repeat the mistakes of Facebook when offering its shares for trading in 2012.
And Prince Alwaleed Bin Talal called the “kostolo”, which he described as “knowledgeable and trustworthy,” a suitable price for the IPO and the greedy or unrealistic in setting the price.
The shares of Facebook has suffered from depression since the initial launch in 2012, where the arrow did not succeed in going back to the price minus 38 dollars in “July”, before recovering the arrow and up to record 45 dollars during the week. Hit the IPO market for tech companies and Internet apathy throughout the year.
Alwaleed Bin Talal,
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