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Tech Industry

Wit Capital to offer one of the first online IPOs

Online investment bank and brokerage Wit Capital will offer one of the first IPOs on the Net. Wit has filed a preliminary prospectus with the Securities and Exchange Commission for Radcom, a data communications networks maker and marketer. Through its underwriter, Radcom expects to float out 2.25 million shares with an anticipated price range of $7.50 to $9.50 per share. Once approved, Wit then plans to sell the IPO shares via its online service.

Online investment bank and brokerage Wit Capital will offer one of the first IPOs on the Net. Wit has filed a preliminary prospectus with the Securities and Exchange Commission for Radcom, a data communications networks maker and marketer. Through its underwriter, Radcom expects to float out 2.25 million shares with an anticipated price range of $7.50 to $9.50 per share. Once approved, Wit then plans to sell the IPO shares via its online service.