Intellon Sets IPO Terms

Intellon Corp., an Ocala, Fla.-based maker of ICs for powerline communications, has set its IPO terms to 7.5 million common shares being offered at between $9 and $11 per share. It would have an initial market cap of approximately $329 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. www.intellon.com