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Limelight Networks sets IPO at 14.4 mln shares

Mon May 21, 2007 5:27pm EDT

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WASHINGTON, May 21 (Reuters) - Limelight Networks Inc., which provides digital content for traditional and emerging media companies, on Monday set its planned initial public offering at 14.4 million shares for between $10 and $12 apiece.

Regulatory News  |  IPOs

In an amended offering document filed with the U.S. Securities and Exchange Commission, the company said 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 to meet demand.

The Tempe, Arizona-based company is seeking a Nasdaq listing under the symbol "LLNW" (LLNW.O).

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