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From IPO Central
"VerticalNet is one of the largest operators of online vertical trade communities. Its string of about 30 Web sites focuses on a variety of industries (including electronics and utilities) and features buyer's guides, news, discussion forums, career centers, and auctions. Among its fastest-growing Web sites are Water Online, which focuses on the water and wastewater industry and boasts more than 80,000 visits each month; and Chemical Online, a Web site dedicated to the chemical processing industry. VerticalNet generates most of its revenue from "storefronts" featuring detailed information about advertisers. Internet Capital Group owns 49% of the company, which has filed to go public with a $30 million IPO."
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