From 24/7 Wall Street:
FriendFinder Networks, Inc. may be one of the more unusual formal initial public offerings out there. It might be classified as an internet media or social networking company, but this is the parent of AdultFriendFinder, a site where adults hook-up online…. literally.
The company filed back in December 2008 to sell up to $460 million in common stock via an IPO, but we all know that there was no way an adult-themed company would be able to make it to the IPO stage during the first part of 2009 when the markets were more than just spooked. The IPO is still planned based on an amended S-1 filing from Friday evening, but the…
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