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CMGI mulls @Ventures IPO
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December 17, 1999: 3:02 p.m. ET
CEO says firm may launch initial public offering of stock for @Ventures affiliate
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NEW YORK (CNNfn) - CMGI, the Internet investment firm, is mulling an initial public offering of stock for its @Ventures affiliate, the company’s chairman said Friday.
David Wetherell, CMGI (CMGI) chairman and chief executive officer, told the company’s shareholders that the firm may take @Ventures public. Including its @Ventures affiliate, CMGI either owns or holds investment stakes in 59 Internet firms.
"We are contemplating seriously a way of taking @Ventures public," Wetherell said in response to an audience member's question at CMGI’s annual meeting in Boston. "That might provide another vehicle for investors to participate in the funds."
He pointed out, however, that CMGI has no concrete plans to take the unit public.
"If we do it, we'd probably elect to do it sooner than later," Wetherell said. "I'm not saying we're doing it, either. We're looking into it."
@Ventures investments include Lycos Inc. (LCOS), Critical Path (CPTH) and Silknet Software (SILK).
Last month, CMGI launched the @Ventures B2B fund, a $1 billion venture fund focused on online business-to-business firms.
CMGI shares fell 1-15/16 to 219-5/8 in afternoon trade. 
-- from staff and wire reports
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CMGI
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