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Adult Friend Finder Going Public with $460 Mil Stock Offering

A registration statement has been filed with the Securities and Exchange Commission.

Adult Friend Finder Going Public with $460 Mil Stock Offering

BOCA RATON, Fla. - Friend Finder Networks Inc. is planning an initial public stock offering of up to $460 million and has filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC).

The company's holdings include the core FriendFinder website for friendship and romance, the more sexually-oriented AdultFriendFinder, Amigos.com, BigChurch.com, SeniorFriendFinder.com, and various ethnic niche FriendFinder sites. The company also produces and distributes assorted pictorial and video content and is partnered in a global licensing agreement with the Penthouse brand.

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FriendFinder states it intends to use the net proceeds of the public offering for debt redemption, working capital and general corporate purposes. 

The registration statement relating to the proposed sale of the securities has been filed with the SEC, but has not gone into effect. The stock offerings will begin once the filing process is completed and approved.

Form S-1 is a filing used by public companies to register their securities with the U.S. Securities and Exchange Commission. The filing includes business and financial information on an issuer with respect to a specific securities (I.E, stock) offering, followed by a prospectus, which may be reviewed by potential investors.

The public offering will be made only by means of the prospectus which once released, according to FriendFinder, may be obtained by writing or calling: Ezra Shashoua, FriendFinder Networks Inc., 6800 Broken Sound Parkway, Boca Raton, FL 33487 (Tel: (561) 912-7000).

As per SEC regulations, FriendFinder executives were not able to comment on the SEC filing.






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