商品敘述：

Wayne, Pennsylvania-based Internet Capital Group (ICG), a business-to-business (B2B) e-commerce holding company, was one of the most anticipated IPOs in 1999. ICG''s goal was to build companies that could obtain number one or two positions in their respective markets by delivering the software and services to help businesses increase efficiency and reduce costs. ICG''s operating strategy was to 1) identify the most attractive B2B companies/opportunities, 2) acquire ownership interests (preferably 40% or greater) of partner companies (companies ICG invested in), 3) provide operational and strategic guidance through its advisory board and management team, and 4) further collaboration within the partner company network via its central "hub" position. In 1999, ICG''s shares closed up more than 100% in its first trading day, giving it an instant market cap of $3 billion. At its high point in December 1999, it had a market cap of $52 billion. By 1999, ICG had stakes in approximately 30 online B2B businesses (45 by the end of 1999, 50 by May 2000, and 77 by October 2000). By 2000, however, things had changed for the company. In November 2000, ICG reported a third-quarter loss of $263.9 million, compared with a loss of $15.3 million the same quarter a year before. During that time, it also laid off 35% of its staff (around 50 employees). Moreover, its $4.48 share price was off 98% from its year high, taking its market cap down to $1.39 billion. By September 2001, ICG''s stock bottomed out at $.34 and eventually leveled out at $.77 in March 2002. The same industry analysts who had once touted ICG as a big winner were suddenly downgrading the stock, the concept, and the future prospects of ICG.

涵蓋領域：

Entrepreneurship;Venture capital;Business to business;Internet

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