Digex, Inc. was one of the first Internet service providers in the United States.
During the dot-com bubble, its stock price rose to $184 per share; the company was acquired for $1 per share a few years later.[2]
History
Digital Express Group, predecessor to DIGEX, was founded by Doug Humphrey and Mike Doughney in the basement of Mr. Humphrey's townhouse in Greenbelt, Maryland in 1991, offering web hosting services and Internet access.[3]
In 1995, the company raised $8 million from Grotech Capital and Venrock.[3]
In October 1996, the company became a public company via an initial public offering.[4]