Simpson Thacher Represents Underwriters in IPO of Limelight Networks, Inc.
06.19.07
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The Palo Alto office of the Firm recently represented the underwriters in connection with the initial public offering of 18,400,000 shares of common stock of Limelight Networks, Inc. (including full exercise of the overallotment option), raising a total of $276 million. Goldman Sachs acted as the bookrunner for the offering. Limelight’s shares are listed on the NASDAQ Global Market under the symbol “LLNW”.
Limelight is a leading provider of high-performance content delivery network services. Goldman Sachs’ Principal Investment Area owned approximately 45% of the Company immediately prior to the IPO.
The Simpson Thacher team for this transaction included Kevin Kennedy, Véronique Laughlin, Ryan Nolan and Dan Leahy (Capital Markets); Jeff Ostrow and Philip Sternhell (Intellectual Property); Victoria Stewart (Employee Benefits); Mark Lab and Sean Cotton (NASD); and Annie Chou and John Walgren (paralegals).