FriendFinder (FFN) IPO Opens Lower, Trading Around $9.75

The IPO for FriendFinder Networks, Inc. (Nasdaq: FFN) is open for trading. Shares are tradin at $9.75 after pricing 5 million share IPO at $10 per share, the low end of the expected $10 - $12 range.

The offering is being made through Imperial Capital and Ladenburg Thalmann & Co. Inc.

FriendFinder Networks owns brands and websites including AdultFriendFinder.com and Penthouse. The company owns a total of 38,000 websites and has built a base of more than 445 million registrants and more than 298 million members in more than 200 countries. In December 2010, the company had more than 196 million unique visitors to their network of websites. For the year ended December 31, 2010 the company had net revenue, income from operations and net losses of $346.0 million, $71.7 million and ($43.2) million, respectively.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• SpaceX Shares Indicated To Open At $155
• Forbright completes $142.2 million IPO on Nasdaq
• Deep Fission (FISN) files for 2.5M share IPO at $16-$18/sh