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Twitter's Major Shareholders Are Only Selling A Minority Of Their Stakes

Jillian D'OnfroOct 25, 2013, 02:01 IST

Twitter's major shareholders will only be selling a minority of their stakes in the company, according to Twitter's latest SEC filing.

After the offering, the executive officers and directors will collectively own 22.3% of the company, which is only 3.2 percentage points less than their pre-IPO 25.5% share.

The company named its IPO price at between $17 and $20 per share and it plans to sell 70 million shares.

Check out this chart from the SEC filing:

Twitter SEC