Firsthand Purchases 100,000 Shares Of Twitter For $1.8 Million
Firsthand Technology Value Fund has invested $1.8 million in Twitter on the secondary shares market, purchasing a total of 100,000 shares.
MarketWatch reports that Firsthand’s purchase of the Twitter stock was announced on Wednesday.
Firsthand is a San Jose-based publicly traded venture capital fund, with net assets sitting at about $86 million as of the end of March.
According to StreetInsider, the purchase inspired investors, and sent Twitter’s price-per-share skyrocketing up 2.7% to $27.
Others have made significant investments in Twitter on the secondary market in recent months.
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