Limelight Networks Files For IPO, Looking To Raise $201 Million

Limelight Networks has filed for an IPO on the NASDAQ global market under the ticker symbol LLNW. The filing, which was made public Thursday by the SEC, says Limelight is looking to raise $201 million. According to the filing, Limelight earned $64.3 million for the year ending December 2006 and reported a loss of $3.7 million.

Limelight has been marching towards the IPO since mid last year when it raised a round of $130 million led by Goldman Sachs Capital Partners and brought on a new CEO Jeffrey Lunsford, who led his former company WebSideStory through a successful IPO.

This is good news for all the companies in the content delivery segment of the market as it will bring additional exposure to the services these companies provide. Also, with Limelight now having to put on paper every quarter all the details of it's business, it will help to give us a better picture of the entire content delivery market.

I've put a call into Limelight to see if they will give a date range of when they expect to go public. Waiting to hear back. The company was not able to provide any estimated date range.

Comments

[Christopher Levy]

This ca$h will be helpful in fighting off Akamai and expanding their operations. With a rumored 30% of their revenue pinned to two customers, YouTube and MySpace, it would be smart to have something to fall back on. LLNW has done a great job growing up over the years and is clearly a force in this market. An IPO really raises the bar for their competition.

[Simo Salminen]

I hope some of this new cash would be spent on expanding limelight presence in APAC and in EU. Little more on CDN R&D and for example initial ADN offering would be dearly welcome especially after Netli acquisition by Akamai.