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Business News/ Companies / India-born investor gains big from Twitter IPO
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India-born investor gains big from Twitter IPO

Suhail Rizvi is the largest outside investor in Twitter with a 15.6% stake worth $3.8 bn at the end of trading on Thursday

Photo: Lucas Jackson/ReutersPremium
Photo: Lucas Jackson/Reuters

New York: Suhail Rizvi, an enigmatic India- born investor, has emerged as one of the biggest gainers from Twitter’s high-profile public debut with his 15.6% stake in the micro-blogging site worth $3.8 billion.

Rizvi is the “non-boldface name of the moment", a report in The New York Times (NYT) said, describing him as a “strategic power broker who prefers to operate behind the scenes".

The 47-year-old has remained a mystery in Silicon Valley despite significant tech investments in recent years. He runs a private investment company Rizvi Traverse Management Llc, the largest outside investor in the micro-blogging site with a 15.6% stake worth $3.8 billion at the end of trading on Twitter’s New York Stock Exchange debut on Thursday.

“In Silicon Valley, and even at Twitter’s San Francisco headquarters, prominent investors and executives said they had not heard his name until it popped up in public disclosures by the company last month," the NYT report said. “Rizvi’s rise illustrates how a new tech investor class with deep Wall Street connections is carving new paths into the unfamiliar and insular terrain of Silicon Valley," it said.

Despite a stellar rise, Rizvi has managed to stay nearly entirely out of the spotlight. Born in India and raised in Iowa, he is known as a quiet man who has built a “powerful and diverse" group of friends, including Virgin Group founder Richard Branson and YouTube chief executive Salar Kamangar. PTI

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Published: 08 Nov 2013, 05:19 PM IST
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