Advertisement
YOU ARE HERE: LAT HomeCollectionsSpring Street Brewing Co
IN THE NEWS

Spring Street Brewing Co

FEATURED ARTICLES
BUSINESS
April 3, 1996 | From Reuters
Spring Street Brewing Co., the firm that pioneered initial public offerings over the World Wide Web, is now taking on Wall Street with plans to arrange Internet IPOs for other companies and set up an online stock exchange. Spring Street founder Andrew Klein, a former securities lawyer, said Tuesday he has created a new firm, Wit Capital Corp., which will compete with underwriters for new-issue business and allow investors to buy shares on the Web and trade them without using a broker.
ARTICLES BY DATE
BUSINESS
April 3, 1996 | From Reuters
Spring Street Brewing Co., the firm that pioneered initial public offerings over the World Wide Web, is now taking on Wall Street with plans to arrange Internet IPOs for other companies and set up an online stock exchange. Spring Street founder Andrew Klein, a former securities lawyer, said Tuesday he has created a new firm, Wit Capital Corp., which will compete with underwriters for new-issue business and allow investors to buy shares on the Web and trade them without using a broker.
Advertisement
BUSINESS
March 13, 1999 | Bloomberg News
Wit Capital Group Inc., an online securities firm, said it plans an initial public stock offering in the second quarter of this year. New York-based Wit Capital was started in 1996 by Andrew Klein, after selling shares of his Spring Street Brewing Co. in the first online initial public offering. In the last year, Salomon Smith Barney Inc.'s former vice chairman, Robert Lessin, and other investment bankers joined the company to help build its business.
BUSINESS
February 29, 1996 | From Reuters
Bypassing traditional stockbrokers, two small companies have turned to the Internet to sell their shares to the public, and more could follow. Beginning Friday, investors will be able to trade shares in New York-based microbrewer Spring Street Brewing Co. on the firm's World Wide Web site. The company launched a stock offering over the Internet last year; its trading mechanism can be found on its Web site (http://www.interport.net/witbeer). Also Friday, Interactive Holdings Corp.
BUSINESS
March 26, 1996 | From Times Wire Services
A New York brewing company that suspended Internet-based trading for its stock last week amid regulatory scrutiny said Monday that regulators have agreed to allow the system to resume with several minor conditions. The fate of Spring Street Brewing Co.'s innovative trading system, called Wit-Trade, has generated intense interest on Wall Street and among small businesses.
BUSINESS
March 21, 1996 | From Times Wire Services
At the behest of securities regulators, a small New York brewer has suspended a path-breaking experiment: trading of the company's stock on the Internet. Spring Street Brewing Co. last Friday launched an electronic bulletin board trading system on its World Wide Web page that allowed buyers and sellers to meet and sell its stock. Chief Executive Andrew D. Klein, a former securities lawyer, said he was unaware of any other company with such a trading system.
BUSINESS
May 11, 1999 | DEBORA VRANA, TIMES STAFF WRITER
Initial public offerings, or IPOs, are an exciting game--but a risky and difficult one for most to win. There is clearly a mania for these offerings. The Times hears from readers each week--even those on fixed incomes--wondering how they can get a piece of the action. And it's hard to miss headlines like "IPO! How You Can Make Money on Wall Street's Latest Craze," and "IPOs: How to Get the Jump Online," shouting from the covers of personal finance magazines.
BUSINESS
May 26, 1997 | MICHELLE V. RAFTER, SPECIAL TO THE TIMES
When Harold J. Gallagher wanted to raise money for his start-up company, he turned to the Internet. Gallagher, founder of a Fresno business developing a digitized magnetic compass, was inspired by the success a year earlier of Spring Street Brewing Co., a New York City microbrewery that made Wall Street history by becoming the first company to do an initial public offering over the Internet.
NEWS
June 3, 1996 | GREG MILLER and TOM PETRUNO, TIMES STAFF WRITERS
There is a new force at work in the nation's stock markets, one that is powerful, amorphous and often beyond regulators' control. It is the Internet, and last month it helped propel the stock market value of a little-known company called Comparator Systems Corp. from about $36 million to more than $1 billion in just three days.
BUSINESS
October 15, 1997 | MARLA DICKERSON, TIMES STAFF WRITER
Josh Reynolds has always been something of a New Age pioneer. A biofeedback clinician-turned-inventor, the Newport Beach-based entrepreneur gave the world the Mood Ring and was the muse behind the ThighMaster exercise machine. Now he's heading a start-up called Cognitive Diagnostics Inc., which is developing intelligence-enhancing "brain software" for people worried about keeping their gray matter in shape.
Los Angeles Times Articles
|