Limelight IPO Seeks to Raise $198M

Limelight Networks has set the price for its initial public offering (IPO), with the hopes of raising as much as $198.7 million. Tempe, Arizona-based Limelight said it would offer 14.4 million shares at a range of $10 to $12 each, according to documents filed with the U.S. Securities and Exchange Commission. Limelight, a content delivery network (CDN), houses servers in many of Switch & Data’s colocation centers. Limelight plans to trade on the NASDAQ under the symbol LLNW.

Limelight’s customers include many of the world’s top media companies, including Akimbo, Belo Interactive, Brightcove, Buy.com, DreamWorks, Facebook, FOXNews.com, IFILM, MSNBC.com, MySpace, Valve Software, and Xbox Live.

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About Rich Miller

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.