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Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC)

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To: $Mogul who wrote (527)	7/6/1999 9:00:00 PM
From: Mohan Marette	Read Replies (1) of 845

Goldman, Morgan Stanley-Led IPOs Gain After Sales (Correct) Bloomberg News July 6, 1999, 1:59 p.m. PT (Correcting 5th paragraph to show Hoover's list measures the market value of the shares sold, not the entire company.) New York, July 6 (Bloomberg) -- Initial stock sales managed by Goldman, Sachs & Co. and Morgan Stanley, Dean Witter & Co. posted the biggest increases when they began trading during the quarter ended June 30, Hoover's Online said. Those increases -- the gap between the price the shares were sold at and their initial trading level -- are one sign of ''money left on the table'' by the companies that sold the shares, according to a report by Hoover's. The company with the largest gap between its IPO market value and initial market capitalization based on its price was Goldman's own IPO. The investment bank sold its shares at $1.59 billion less than their value at the price of the opening trade on May 4, Hoover's said. ...... news.com

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