Twitter IPO much in demand

|By:, SA News Editor

Twitter (TWTR) has reportedly attracted more than enough interest for its upcoming IPO to be oversubscribed

The demand comes even though Twitter's management, in the company's roadshow, have apparently refrained from outlining how it plans to break even.

Twitter intends to sell 70M shares at a price range of $17-20 each, although it could end up selling the stock for more than that and/or increase the number of shares it will offer.

The company is due to price the shares on Wednesday and start trading on Thursday.

Twitter intends to use the cash to go on a spending spree.