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Wit Capital's Digital IPOs

Traders Magazine, May 1998

Stephen Lacey

Wit Capital, a 33-person broker dealer that conducts its investment-banking business exclusively on the Internet, is causing tremors on Wall Street.

The digital upstart and National Association of Securities Dealers member firm is offering prospective individual investors access to initial public offerings and other early-stage investment instruments, including plans for a series of angel funds.

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