Wit Capital Group
826 Broadway 6th Flr
New York NY 10003 USA
212-253-4400 TF: 888-494-8227 Fax: 212-253-4428
An Internet investment banking and brokerage firm that uses electronic mail and the Web to offer and sell shares in public offerings to individuals.
Company Description
'We are an Internet investment banking and brokerage firm that uses electronic mail and the Web to offer and sell shares in public offerings to individuals.
We also produce and electronically disseminate investment research to individual investors. Directly and through arrangements with twenty discount brokerage firms, we are developing access to a substantial number of online individual investors. We offer financial advisory and private capital raising services to our corporate clients. Our investment banking activities focus on the Internet sector and, more generally, on issuers seeking to market their stock offerings to online individual investors. Beginning recently, we are focusing as well on other rapidly growing sectors of the economy that are related to or dependent on Internet technology. We also provide online brokerage services and are developing a Web-based after-hours digital trading facility through which individual investors will be able to trade Nasdaq and exchange listed securities directly with each other. In addition, we intend to create and manage proprietary Angel Funds(TM) primarily for high net worth individuals.....'
Status/Tentative Pricing JUN 7-8
Underwriters
BEAR STEARNS & CO INC
WIT CAPITAL CORP
THOMAS WEISEL PARTNERS LLC
Exchange NASDAQ
Ticker WITC
Price $7-$9
Shares 7,600,000
Shares Offered by Company ALL
Over-Allotment 1,140,000
Est. Offering Amount 80000000
Est. Offering Expenses 0
Post-Offering Shares 69,952,251
Lockup Period 180
Edgar Online:
edgar-online.com
Company Homepage
witcapital.com |
