Intellon Corporation Announces Pricing of Initial Public Offering
OCALA, FL - December 13, 2007 - Intellon Corporation (Nasdaq:ITLN) announced today that its initial public offering of 7,500,000 shares of common stock has been priced at $6.00 per share, before underwriting discounts and commissions. In addition, Intellon has granted the underwriters a 30-day option to purchase up to 1,125,000 additional shares to cover over-allotments, if any. All of the shares are being offered by Intellon.
The shares are scheduled to begin trading tomorrow on the NASDAQ Global Market under the trading symbol "ITLN."
The offering was made through an underwriting syndicate led by Deutsche Bank Securities Inc. who acted as book-running manager. Jefferies & Company, Piper Jaffray & Co. and Oppenheimer & Co. acted as co-managers.
