B. Riley FBR Acts as Sole Book-Running Manager on $69 Million Public Offering of Limelight Networks Inc.
December 07 2017 - 9:00AM
B. Riley FBR, Inc. (“B. Riley FBR”), a leading full service
investment bank and wholly-owned subsidiary of B. Riley Financial,
Inc. (NASDAQ:RILY), acted as the sole book-running manager in the
public offering of 15 million shares of common stock of Limelight
Networks Inc. (NASDAQ:LLNW).
B. Riley FBR priced the 15 million shares of common stock on
November 30, 2017 at $4.60 per share, which resulted in gross
proceeds of approximately $69 million.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About B. Riley FBR, Inc.
B. Riley FBR, Inc. is a leading investment bank which
provides corporate finance, research and sales and trading to
corporate, institutional and high net worth individual clients.
Investment banking services include initial secondary and follow-on
offerings, institutional private placements and merger and
acquisitions advisory services. The firm is nationally recognized
for its highly ranked proprietary equity research.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley FBR, Inc., Wunderlich
Securities, Inc., Great American Group, LLC,
B. Riley Capital Management, LLC (which includes B.
Riley Asset Management, B. Riley Wealth Management,
and Great American Capital Partners, LLC) and B. Riley
Principal Investments, a group that makes proprietary investments
in other businesses, such as the acquisition of United Online,
Inc.
Media Contact Joe LoBello LoBello
Communications 516-902-2684 Joe@LoBelloCommunications.com
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