marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Intellian Technologies Announces IPO

November 8, 2016

Photo: Intellian Technologies
Photo: Intellian Technologies

Intellian Technologies, Inc. announced an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of $17.27 per share. The initial public offering will result in roughly $26m in raised capital and a total market capitalization for the company of just below $124m. Shares started trading on the KOSDAQ Market on October 18, 2016 under the ticker symbol “189300 KS Equity.”

Founded in 2004, Intellian is the global leader in maritime satellite communication systems. Company turnover in 2015 reached $54m, with operating profit reported as $4.7m. Sales in the first six months of 2016 amounted to $38.6m, generating an operating profit of $6.5m.
 
Proceeds from the offering facilitate the company’s continued innovation and delivery of scalable solutions to the wider mobility satellite communications sector.  The next phase of growth for Intellian will expand the company’s footprint into other verticals such as aviation, land-mobile and military communications. 
 
“This is an exciting day for all of us.  In only 12 years we have taken a leadership position over others who had been in the maritime market for decades,” said Eric Sung, President and CEO of Intellian.  “Our innovative approach has led not only to this important milestone in our own success story, but also to growth for all our partners along the way, and key advancements in connectivity for the entire maritime industry.  In the next 5 years Intellian will invest no less than $100m in R&D to continue innovating and keeping people connected no matter where in the world they may be.”
 

Logistics News

QatarEnergy to Ship LNG Cargo to Orlen Next Month

QatarEnergy to Ship LNG Cargo to Orlen Next Month

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Port Innovation Congress Draws Record Attendees to Valencia

Port Innovation Congress Draws Record Attendees to Valencia

HD Hyundai, Kiewit Team Up to Build New US Shipyard

HD Hyundai, Kiewit Team Up to Build New US Shipyard

Subscribe for Maritime Logistics Professional E‑News

US ends review of data privacy for US Airlines without Penalties
Pentagon: Boeing has won the contract for next-generation US Navy fighters.
Alaska Air expects certification of the Boeing 737 MAX 10 by end-September