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Article: Online Investment Bank Opens IPOs to the Little Guy, CEO Says.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 27, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Jul. 25 -- Walter Cruttenden III wakes up every day at 4:30 a.m., sits in a chair with his eyes closed and meditates for an hour. Is this any way for an investment banker to behave?
If you're leading a revolution on the Internet, perhaps. Cruttenden is one of a handful of online investment bankers using the medium of the moment to force open a way for small investors to buy new stocks.
It's an effort that has attracted plenty of attention since February, when Cruttenden formed E-Offering Corp. with just nine employees and partner Sandy Robertson, the founder and former chief executive of Robertson Stephens, ...