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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: ChopChop99 who wrote (4994)	6/16/1999 7:01:00 PM
From: ChopChop99	Read Replies (1) \| Respond to of 16809

Quote.com rating misses the mark... They had ESPS rated Favorable +3 From Bloomberg: IPO News Wed, 16 Jun 1999, 6:51pm EDT ESPS Falls 11 Percent in 1st Day of Trading Following IPO By Per H. Jebsen ESPS Falls 11 Percent in 1st Day of Trading Following IPO Fort Washington, Pennsylvania, June 16 (Bloomberg) -- ESPS Inc., a developer of software that helps businesses compile regulatory submissions, fell 11 percent in its first day of trading following an initial stock sale. The Fort Washington, Pennsylvania company, based near Philadelphia, fell 13/16 to 6 11/16. About 3.5 million shares changed hands on the Nasdaq Stock Market. The company closed with a market value of $102.7 million. ESPS sold 3.5 million shares at $7.50, raising $26.3 million. The shares were priced $1.50 below the bottom of the $9 to $11 range set by Hambrecht & Quist LLC, which managed the sale. ESPS trades under the symbol ''ESPS.'' BancBoston Robertson Stephens, U.S. Bancorp Piper Jaffray, and Charles Schwab & Co. assisted in the transaction.