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Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC)
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To: Mohan Marette who wrote (506)7/1/1999 5:55:00 PM
From: Henry Volquardsen  Read Replies (1) of 845
 
good article but there is one error, I believe.

Goldman Sachs bought a 22% stake in Wit in a deal announced on Mar. 29. Post-IPO, it owns about 13% of the firm.

Prior to the IPO GS owned 16% not 22%. Their current stake of 13% is the post IPO dilution from 16%. They had and still have warrants that are exercisable into additional shares. If exercised they could raise their stake to @18%, I believe.
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