Penthouse and Networking Site Owner FriendFinder (FFN) Files $460M IPO

FriendFinder Networks (NYSE: FFN) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $460 million. The company plans to list on the NYSE under the symbol "FFN".

The offering is being made through Renaissance Capital.

FriendFinder Networks is a leading internet-based social networking and multimedia entertainment company operating several of the most heavily visited social networking websites in the world. Some of the company's most heavily visited social networking and entertainment websites include AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder.com, BigChurch.com and SeniorFriendFinder.com.

In addition, FriendFinder Networks also produces and distributes original pictorial and video content, licenses the globally recognized Penthouse brand to a variety of consumer companies and entertainment venues, and publishes branded men's lifestyle magazines.

For the nine months ended September 30, 2008, FriendFinder's net revenue, operating income and EBITDA, were $262.4 million, $36.1 million and $66.6 million, respectively.

Link to the S-1

You May Also Be Interested In

• Monthly Dividend Declaration for Class A & Preferred Share
• NorthStrive Acquisition prices $100M IPO on Nasdaq
• Vogenx raises $81.3M in Nasdaq IPO managed by JonesTrading