TEMPE, Ariz.--(BUSINESS WIRE)--
Limelight Networks, Inc. (Nasdaq:LLNW) announced the completion of its initial public offering. The Company sold 14,900,000 shares of its common stock, which includes the sale of an additional 2,400,000 shares of common stock to the underwriters upon exercise of their overallotment option. The sale of the shares was at an offering price of $15.00 per share. In addition, certain stockholders sold an additional 3,500,000 shares of common stock at $15.00 per share
The net proceeds to the Company were approximately $205.5 million. The Company did not receive any of the proceeds from the sale of the shares sold by the selling stockholders.
A copy of the final prospectus relating to the offering may be obtained from the prospectus department of Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New York, New York 10004, via fax at 212-902-9316, or via e-mail at firstname.lastname@example.org; or from the prospectus department of Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, via telephone at 1-866-718-1649, or via email at email@example.com.
Source: Limelight Networks, Inc.Contact: Limelight Networks, Inc. Matthew Hale Chief Financial Officer 602-850-5000 or Silverman Heller Assoc. Philip Bourdillon/Gene Heller 310-208-2550