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The company hopes to raise $460 million in the IPO. a group of sites that includes Penthouse and Adult FriendFinder, Adult FriendFinder Files To Go.
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Andrew Conru, a geeky mechanical engineer turned porn baron who founded one of the Web's raciest personals site, made out well when Penthouse bought Adult FriendFinder.
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One year fresh out the public gate and the adult entertainment corporation’s IPO has been dubbed a flop. The sex-oriented social network opened the market at $8 a share and entered 2012 on a decline with stock marked at $1.20 a share.
Social networking company FriendFinder Networks Inc FFN.N indefinitely shelved its planned $220 million initial public offering on Friday, citing market.
Friend Finder Networks. (such as Adult FriendFinder, In 2008, the company filed for a $460 million initial public offering.
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The offering comes after Terreno Realty Corp. became the first U.S. company to postpone a 2010 IPO this week, Cellu Tissue Holdings. got about 70 percent of its revenue from its adult-themed Web sites in the first nine months of.
NEW YORK, Dec 23 (Reuters) – FriendFinder Networks Inc, an operator of social-networking websites and publisher of the adult men's magazine Penthouse.
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have filed a registration statement with the SEC for a $460 million IPO which will be offered by Renaissance Securities. FriendFinder Networks is the company behind Penthouse & AdultFriendFinder.com, an adult social networking/dating.
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This is not a run-of-the-mill IPO, as FriendFinder is the parent company of AdultFriendFinder. Revenue to date has been primarily derived from subscription and paid-usage adult-oriented products and services. It also produces and.
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FriendFinder Networks, which also publishes Penthouse magazine, said Tuesday that is plans to reduce its debt by $300 million and will hand over control of the adult-themed social. company tried filing for an IPO in 2008 seeking a $460.
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