Actua Corporation

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Actua
Type Public company
Industry Software as a Service
Founded 1996
Headquarters Radnor, PA
Website www.actua.com

Actua Corporation (NASDAQACTA), formerly ICG Group, is a publicly traded software as a service firm founded in 1996 by Ken Fox and Walter Buckley.[1] ICG raised $178.8 million in an initial public offering on the Nasdaq in August 1999.[2]

By December 1999, ICG had a market capitalization of nearly $60 billion, larger than not only Internet stocks like both AOL and Yahoo!, but also other large cap stocks like GM or Gillette,[3] and by 2000, ICG had invested nearly $1.4 billion into business-to-business e-commerce start-up companies.[4]

However, by September 2001, the company had become a poster child for the dot-com bust of 2000-2001 as its stock priced crashed to less than $1 from its high of $212 in December 1999.[5]

On September 3, 2014, the company changed its name to Actua Corporation (Nasdaq:ACTA)and the company's stock will trade on The NASDAQ Global Stock Market under the ticker symbol ACTA. The Company's rebrand supposedly reflects "the evolution of its model to bring the power of the cloud to vertical markets".[clarification needed] [6]

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