1999

Safeguard Scientifics took ICG Group, Inc. (formerly known as Internet Capital Group) public on the NASDAQ under the ticker symbol ICGE. Walter Buckley and Ken Fox founded ICG Group in 1996 as a venture capital firm dedicated to investing in business-to-business Internet companies.

By December of 1999, ICG’s market cap was approximately $60 billion, rivaling Internet giants AOL and Yahoo. Its IPO represents one of the greatest wealth creation events in public market history.