alarm:clock

Semiconductors - Wednesday, November 28, 2007

Broadband Over Powerline's Intellon Prices IPO

intellon.png
We still haven't met anyone who is getting their net connectivity via their electrical outlet so it still seems futuristic, however, the market appears to be more mature than we had gauged with a first IPO by a sector playing coming up. Intellon has set its IPO terms at 7.5M common shares being offered at $9 - 11 per share and could have an initial market cap of $329M at the high end of its range.

Intellon makes chipsets that are used to enable net connectivity via regular power outlets.

For the year ended 2006, the company posted revenue of $33.7M on net loss of $7.8M compared with revenue of $16.6M on net loss of 12.5M in 2005. The Ocala, FL-based company said it applied for a Nasdaq listing under the symbol "ITLN." Shareholders include Fidelity Ventures, EnerTech Capital Partners, Comcast Interactive Capital, Goldman Sachs, Summerhill Ventures and UMC Capital. Intellon has actually been a bit of a slow growth story - it was founded back in 1989 - but the numbers show it is growing fast now.

View - site

Post a comment




Remember Me?


More Recent Articles

ThumbShopping Site Gilt Group Raises $40M at $400M Val

Thursday July 2, 2009

NYC's private shopping firm Gilt Groupe has raised $40M from General Atlantic and Matrix Partners at a $400M valuation. Gilt Groupe provides access, by invitation only, to men’s, women’s and children’s fashion and luxury brands at discount pri... Full Story

ThumbAH Belo Joins $2M Investment In Real Estate Search Tool Sawbuck

Thursday July 2, 2009

AH Belo (NYSE: BLC) has led a $2M investment in online real estate brokerage Sawbuck Realty. Sawbuck is an online real estate broker that connects consumers with local real estate agents. Sawbuck takes a cut of any commissions. The company’s servi... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet