Tuesday, May 22, 2007

Limelight Sets IPO Terms

Tempe, Arizona-based Limelight Networks, a content delivery network (CDN) provider for the rich media market, has set terms for its IPO, saying in a filing with the SEC Monday evening that it will offer 14.4M shares of its common stock at between $10.00 and $12.00 per share. Limelight is looking to trade on the Nasdaq Global Market under the symbol LLNW. The firm's IPO is being underwritten by Goldman, Sachs & Co., Morgan Stanley, Jefferies & Company, Piper Jaffray, and Friedman Billings Ramsey.