(Bloomberg) -- Shares of Limelight Networks Inc. may
rise in initial trading tomorrow as investors bet on the
company's technology for delivering movies and video games over
the Web.
Limelight, based in Tempe, Arizona, is planning to sell 14.4
million shares at $12 to $14 each, up from $10 to $12 previously,
to raise about $187 million, the company said in a regulatory
filing yesterday. The sale of the 18 percent stake today may
value Limelight at more than $1 billion.
Read more at Bloomberg Exclusive News
rise in initial trading tomorrow as investors bet on the
company's technology for delivering movies and video games over
the Web.
Limelight, based in Tempe, Arizona, is planning to sell 14.4
million shares at $12 to $14 each, up from $10 to $12 previously,
to raise about $187 million, the company said in a regulatory
filing yesterday. The sale of the 18 percent stake today may
value Limelight at more than $1 billion.
Read more at Bloomberg Exclusive News
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