Intellian Technologies, Inc. has commenced an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of USD17.27 per share, the company said.
The initial public offering will result in roughly USD26m in raised capital and a total market capitalization for the company of just below USD124m. Shares will start trading on the KOSDAQ Market on October 18, 2016 under the ticker symbol “189300 KS Equity.”
Proceeds from this offering will facilitate the company´s continued innovation and delivery of scalable solutions to the wider mobility satellite communications sector.
Founded in 2004, Intellian provides maritime satellite communication systems.