Limelight Hikes IPO Offering Price

Content distribution network Limelight Networks Inc. (LLNW) on Wednesday raised the expected price range of its planned initial public offering to $12 to $14 per share from $10 to $12. The company said in an amended filing with the U.S. Securities and Exchange Commission that the size of the IPO is still expected to be 14.4 million shares, of which it plans to offer 11.4 million shares. Shareholders plan to offer the remainder, according to Reuters. If Limelight succeeds in selling 14.4 million at $14, it would raise $201.6 million.

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. Limelight leases colo space from major interconenctions providers, including Equinix, Telehouse and Switch and Data.

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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.