AppNet IPO expected

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E-commerce and Internet provider AppNet, Bethesda, Md., is set to go public June 18. The company filed with the Securities and Exchange Commission for an initial public offering of 6 million shares. In May it set a price of $12 to $14 a share. Credit Suisse First Boston, Hambrecht & Quist, the Robinson-Humphrey Co., and Charles Schwab & Co. will handle the offering.

AppNet owns Internet developers and marketing companies including i33 Communications, New York, Internet Outfitters, Santa Monica, Calif., and Sigma6 Interactive Media, Detroit.

Copyright June 1999, Crain Communications Inc.

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