From NBCNews | As Twitter launches its road show in preparation to go public next month, it’s a good guess that at least a few employees outside the executive suite at the social media company are killing a little time browsing listings for San Francisco lofts or top-of-the-line sports cars. “We can surmise there are going to be a number of multimillionaires,” said Kathleen Smith, a principal at IPO fund manager Renaissance Capital. For some employees, it could change their lives.
Hilary Martin, a financial adviser at Family Wealth Consulting Group, had a mid-level marketing employee at Google come to her nearly a decade ago when the search engine giant went public. The 30-year-old worker, who was worth $1.5 million overnight, quit her job shortly thereafter. Martin predicted some of this could happen at the microblogging company. “I do think Twitter’s going to produce millionaires in the rank-and-file employees,” she said. Renaissance Capital’s Smith noted that there are 743 other shareholders outside of the executive suite who are likely holders of restricted stock units. These have a combined value of roughly $1.5 billion if the stock debuts in the middle of its $17 to $20 share price range.
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