NEW YORK, June 7 Limelight Networks Inc., which
provides digital content for traditional and emerging media
companies, raised $240 million in an initial public offering on
Thursday that priced above a forecast range.
The 16 million share offering priced at $15 per share,
according to an underwriter.
The offering, which was expected to sell 14.4 million
shares, priced higher than a forecast range of $12 to $14,
which was revised on Wednesday up from $10 to $12.
Underwriters, led by Goldman Sachs & Co. and Morgan
Stanley, have the option to purchase an additional 2.1 million
shares to cover overallotments.
The company has been approved to list its shares on Nasdaq
under the symbol "LLNW." (LLNW.O)