Wit Capital Group, Inc. Lists On Nasdaq; Raises $68.4 million in its IPO.

NEW YORK, June 4 /PRNewswire/ -- Wit Capital Group, Inc. (Nasdaq: WITC), the Internet investment banking and brokerage firm, today announced that shares of its initial public offering began trading this morning on the Nasdaq national market under the trading symbol "WITC."

The Company offered 7.6 million common shares, priced at $9.00 per share. Gross proceeds to the Company are $68.4 million. The co-lead managers are Bear Stearns & Co., Inc. and Wit Capital Corporation, and Thomas Weisel Partners LLC is co-manager.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Bear Stearns, 245 Park Avenue, New York, NY or on the Internet at http://www.witcapital.com/stok3/stok/WITCb.html