Limelight Sets IPO Terms

Limelight Networks Inc., a Tempe, Ariz.-based provider of a network for delivering live and on-demand digital media online, has set its proposed IPO terms to 14.4 million common shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol LLNW, with Goldman Sachs and Morgan Stanley serving as co-lead underwriters. Limelight raised $130 million in VC funding last year from GS Capital Partners (45.2% pre-IPO stake) and Oak Investment Partners (9.2%).