Wednesday, June 6, 2007

Limelight Boosts IPO, Raising over $230 Million

Limelight Networks, a leading provider of content delivery services, boosted the price of its initial public offering of 16.5 million shares to over $14, raising at least $230 million. Shares are expected to begin trading on Friday on NASDAQ under the symbol "LLNW".



Limelight's content delivery network, which boasts a global aggregate delivery capacity in excess of 1 Tbps, is used by over 800 traditional and emerging media companies, including Akimbo, ABC Radio Networks, Belo Interactive, Brightcove, "BuyMusic" @ Buy.com, DreamWorks, LLC, Facebook, FOXNews.com, IFILM, ITV Play, Marimba, MSNBC.com, MySpace, NC Interactive, Real Networks Rhapsody, Radio Free Virgin, Valve Software, and Xbox Live..



Limelight Networks offers three primary delivery services: Content Delivery, providing HTTP/web distribution of all digital media formats; Streaming Media, providing on-demand and live streaming for all major formats including Windows Media, Flash, QuickTime, Real, and MP3; and Custom CDN, which include custom content delivery deploymentshttp://www.limelightnetworks.com

  • June 2006, Akamai and the Massachusetts Institute of Technology (MIT) filed suit against Limelight alleging infringement of its content delivery technology.


  • In July 2006, Limelight Networks announced a $130 million equity financing round led by Goldman Sachs Capital Partners.

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