Loudcloud Cuts Offering Price

Loudcloud, the Internet infrastructure company started by Netscape co-founder Marc Andreessen, cut the expected price of its IPO to $6 a share from $8 to $10 a share, according to a filing with the Securities and Exchange Commission.

At the same time the company boosted the number of shares it expects to offer to 25 million from 20 million, the filing said.

The price cut came a day after Loudcloud delayed the deal's pricing by one day, saying bad weather delayed meetings with potential investors. The offering is expected to be priced today and then to begin trading Friday.