Akamai Technologies, Inc. Announces Initial Public Offering
CAMBRIDGE, MA, October 29, 1999 -- Akamai Technologies, Inc. today announced the initial public offering of its common stock on the Nasdaq National Market under the symbol "AKAM." The initial public offering price for the 9.0 million shares was $26. All of the shares were offered by Akamai Technologies, Inc.
The offering was led by Morgan Stanley Dean Witter, and co-managed by Donaldson, Lufkin & Jenrette, Salomon Smith Barney and Thomas Weisel Partners LLC. A copy of the final prospectus may be obtained from the offices of Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036. The Company anticipates using net proceeds from the offering for working capital and general corporate purposes. A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a 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 Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
| Contacts: |
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| Jeff Young Akamai Technologies 617-250-3913 jyoung@akamai.com |
CAMBRIDGE, MA, October 29, 1999 -- Akamai Technologies, Inc. today announced the initial public offering of its common stock on the Nasdaq National Market under the symbol "AKAM." The initial public offering price for the 9.0 million shares was $26. All of the shares were offered by Akamai Technologies, Inc.
The offering was led by Morgan Stanley Dean Witter, and co-managed by Donaldson, Lufkin & Jenrette, Salomon Smith Barney and Thomas Weisel Partners LLC. A copy of the final prospectus may be obtained from the offices of Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036. The Company anticipates using net proceeds from the offering for working capital and general corporate purposes. A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a 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 Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
