Twitter Inc. has attracted more than enough demand to sell all of the shares in its initial public offering, people with knowledge of the matter said.
Banks managing Twitter’s market debut were getting sufficient interest from investors for the IPO to be oversubscribed even before they started taking orders, said one of the people, who asked not to be identified because the information is private. The microblogging site is offering 70 million shares for $17 to $20 each, according to regulatory filings.
