Limelight Networks Prices IPO

Limelight Networks, one of the CDNs focusing on the digital media sector, which filed for its IPO in March, has priced its proposed shares: it would offer 14.4 million shares at a range of $10 to $12 each. It will sell 11.4 million shares and shareholders will sell 3 million shares. The underwriters, led by Goldman Sachs and Morgan Stanley, will have the option to buy another 1.16 million shares.
The startup, formed in 2001, reported a loss of $3.7 million on sales of $64 million in 2006. Goldman Sachs took a controlling stake of Limelight in July 2006 with a $130 million investment. The company is seeking a Nasdaq listing under the symbol “LLNW.” The full amended S-1 is here.
Disclaimer: Limelight is a sponsor of paidContent.org.

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