Intellon, a fabless designer of ICs that enable data transfer over existing electrical wiring, priced its 7.5 million share offering at $6 per share, the low end of the revised $6-$7 range, on Thursday evening. The company had originally been anticipating a range of $9-$11. One of Intellon's competitors, Entropic, went public a week earlier, and similarly priced at $6 after originally anticipating a price between $9 and $11. Deutsche Bank was the lead manager on the Intellon offering. The stock is expected to begin trading on the NASDAQ under the ticker "ITLN" on Friday.
