Akamai Announces Public Offering of 12,000,000 shares

HostReview.com
Tuesday, November 1, 2005; 02:21 PM

Akamai Technologies, Inc. (www.akamai.com), announced today a public offering of 12,000,000 shares of its common stock.

The Company anticipates receiving gross proceeds from this offering of approximately $208 million, based on yesterday's closing sale price of the Company's common stock of $17.34 per share, before discount to the underwriter and other expenses of the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be the sale of any of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Statements in this press release contain "forward-looking" information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve a number of risks and uncertainties.

Akamai® is the leading global service provider for accelerating content and business processes online. More than 1,800 organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses.