Tempe, Arizona-based Limelight Networks Inc. has filed a Form S-1 for an IPO (Initial Public Offering). Limelight Networks is a "provider of high-performance content delivery network services."
The information contained in this BAB was mined from Limelight Network's Form S-1 SEC Filing.
Limelight is estimating that their IPO will result in "net proceeds of approximately
$113.9 million." The company could net
$138.3 millionif over-allotments are exercised.
Limelight's revenue has grown from
$5.0 millionin 2003 to
$64.3 millionin 2006. In 2006,
58% of total revenuewas generated by the company's top ten customers.
Limelight has increased its number of employees from 29 at year-end to 2004 to 158 on of 1 March 2007. During this time frame, sales and marketing personnel have grown from a total of 13 to 81.
In 2006, Limelight made
$40.6 millionin capital expenditures. 2004 and 2005 capital expenditures were
$10.9 million, respectively.
Creator: Gerald D. Thurman
Created: 28 March 2007