FriendFinder Revisits Plans To Go Public
samsung1
Ohio
More than a year after cancelling its IPO, citing terrible market conditions, FriendFinder this morning announced that it has filed an amendment to the Registration Statement on Form S-1 with the SEC in connection with a re-launch of its proposed initial public offering.
The company says it intends to use the net proceeds of the public offering to repay a portion of its existing indebtedness.
Imperial Capital and Ladenburg Thalmann & Co. serve as joint bookrunners for the offering.
Florida-based FFN (formerly Penthouse Media Group) operates sites like Penthouse, Adult FriendFinder, Bondage.com, Cams.com and BigChurch.com and many more.
The company originally filed a registration statement with the Securities and Exchange Commission back in December 2008, hoping to raise $460 million in the initial public offering at the time (this was later adjusted to $220 million).
Penthouse acquired Adult FriendFinder in December 2007 for approximately $400 million.
The company recently set up a new subsidiary called FriendFinder Ventures to focus on partnerships and investment opportunities in online, gaming, mobile and software companies.
http://techcrunch.com/2011/03/17/friendf…
The company says it intends to use the net proceeds of the public offering to repay a portion of its existing indebtedness.
Imperial Capital and Ladenburg Thalmann & Co. serve as joint bookrunners for the offering.
Florida-based FFN (formerly Penthouse Media Group) operates sites like Penthouse, Adult FriendFinder, Bondage.com, Cams.com and BigChurch.com and many more.
The company originally filed a registration statement with the Securities and Exchange Commission back in December 2008, hoping to raise $460 million in the initial public offering at the time (this was later adjusted to $220 million).
Penthouse acquired Adult FriendFinder in December 2007 for approximately $400 million.
The company recently set up a new subsidiary called FriendFinder Ventures to focus on partnerships and investment opportunities in online, gaming, mobile and software companies.
http://techcrunch.com/2011/03/17/friendf…
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5 comments
Short, short, SHORT this IPO!
Exactly. Hard to believe they can have a viable business model for what is essentially a giant scam. I guess "there's one born every minute" applies here.