Intellon Prices IPO (ITLN)

By Douglas A. McIntyre Published Dec 13, 7:39PM EST

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Intellon Corp. (NASDAQ:ITLN) has priced its initial public offering of 7.5 million shares of its common stock at $6.00 per share. Intellon has granted the underwriters a 30-day option to purchase up to 1,125,000 to cover over-allotments.

This one has been in the pending file since mid-July. The shares are scheduled to begin trading Friday on NASDAQ under the trading symbol “ITLN.” Deutsche Bank Securities Inc. was the book-running manager; and co-managers are listed as Jefferies & Company, Piper Jaffray & Co. and Oppenheimer & Co. Originally Goldman Sachs was in the deal as a joint book-runner but they are not listed in the underwriting. All of the shares are being offered by Intellon.

Intellon is a entirely-fabless semiconductor company that designs and sells integrated circuits (ICs) for high-speed communications over existing electrical wiring to enable home connectivity in sharing and moving of content among personal computers and other consumer electronics products. These IC’s allow consumers to share downloaded video content from a PC with a television in another room. Its largest market is the digital home, or a home enabled with high-speed connectivity among devices such as PC’s and consumer electronics products. It also sells ICs for use in powerline communications applications in electric utility and other commercial markets to maximize power efficiency.

Jon C. Ogg
December 13, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.