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Intellon Prices Low

Intellon Corp., an Ocala, Fla.-based maker of ICs for powerline communications, raised $45 million in its IPO. It priced 7.5 million common shares at $6 per share ($9-$11 range), for an initial market cap of approximately $180 million, were it to price at the high end of its range. It plans to trade on the Nasdaq under ticker symbol ITLN, with Deutsche Bank Securities serving as lead underwriter. Shareholders include Fidelity Ventures, EnerTech Capital Partners, Comcast Interactive Capital, Goldman Sachs, Summerhill Ventures and UMC Capital.