Thomas Weisel Plans Offering

CEO Thomas Weisel won't sell into it.
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Thomas Weisel Partners

(TWPG)

filed for an offering that will include shares sold by partners of the investment bank.

The San Francisco-based firm didn't say how many shares it would sell, but it said all of its partners have the ability to participate in the offering by selling up to 20% of their holdings. Weisel said CEO Thomas Weisel won't participate.