Though Wit Capital's IPO likely is at least several weeks away, it may
have started building momentum already. Securities giant Goldman Sachs &
Co. announced plans on Monday to buy a 22 percent stake in the online brokerage
firm. Sources say the deal is valued at about $25 million.
Padres on Trading Block, But Stats May Be Skewed - July 1, 2008 ::
Jul 1, 2008 The good news is that with the Padres' needs being so many, Mr. Goldman writes the Pinstriped Bible for yesnetwork.com and is the author
http://www.nysun.com/sports/padres-on-trading-block-but-stats-may-be-skewed/81024/HOME |
As noted in the Midday Report, Wit on March 18 filed papers for an IPO
the company hopes will raise $80 million. Interestingly enough, Goldman
isn't even one of the underwriters for the Wit offering. Wit is
underwriting itself, along with Bear Stearns and Thomas Weisel Partners.
WikiAnswers - Where can you find a good biography online of Duff ::
Where can you find a good biography online of Duff Goldman? written by volunteers in the spirit of growing information for the public good.
http://wiki.answers.com/Q/Where_can_you_find_a_good_biography_online_of_Duff_GoldmanHOME |
The St. Petersburg Times - Business - Goldman Sachs Acquires Elite ::
Another real estate analyst said Goldman Sachs had made a good investment. AIG and Deutsche Bank made good returns in the two years they owned the project,
http://www.sptimesrussia.com/index.php?action_id=2&story_id=26760HOME |
This kind of bottom-line endorsement from arguably the premiere
underwriter on Wall Street should further build the buzz about Wit's
IPO, especially among online traders, many of whom have strong feelings
(pro and con) about the company.
William Goldman Biography; Christa Williams; Butch Cassidy and The ::
Probably not even a very good one. But the Alcyon stands alone in memory because it -from the book Adventures in the Screen Trade by William Goldman
http://www.twyman-whitney.com/film/celluloid_profiles/goldman.htmlHOME |
"Goldman Sachs" posts - The Open Road - The Business and Politics ::
Jul 9, 2008 The good news: the data is off. Goldman Sachs underestimated just how prevalent Linux would become in just four short years.
http://news.cnet.com/openroad/?keyword=%22Goldman+Sachs%22HOME |
Goldman's goal in purchasing a chunk of Wit is to create heightened
interest among institutional investors in its own pending IPO by building an Internet strategy. Monday's move probably is just the first step -- don't be surprised to see Goldman eventually buy a majority
stake in Wit, or even spin off its own online brokerage IPO, as Donaldson Lufkin & Jenrette is doing with DLDdirect.
Obviously, even without the equity play in Wit, Goldman Sachs already has an Internet "story." Since 1996, Goldman has acted as lead underwriter in 13 Internet IPOs. They are: Checkpoint Software, Open
Market and Yahoo! in '96; RealNetworks in 1997; DoubleClick, eBay,
Entrust Technologies, Exodus Communications, GeoCities, Inktomi and ISS
Group in '98; and iVillage and pcOrder.com so far this year (with ZDNet,
eToys and TheStreet.com in the pipeline).
Among that group are some certified success stories, including:
- Portal pioneer Yahoo, a superstar of the Internet stocks world, with a
current market capitalization of nearly $4 billion.
- eBay, which opened this morning at $145 per share, eight times its $18
offer price last September and three times its first-day closing price
of $47.38.
- ivillage, which went public March 19 and was trading this morning at
$100, four times its $24 offer price and 25% above its $80 first-dayclose.
Of course, the Goldman imprimatur can't guarantee chart altitude for
every Internet stock. E-commerce services vendor Open Market's stock
price has been trading below its $18 offering price for most of the past
two years, and well below its May 23, 1996 first-day close price of
$39.88. Open Market opened Tuesday at $14.19.
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