PLEASUREBUSINESSVODAVN AWARDS 2014

Located in: Home > Business > Technology News > FriendFinder Briefly Postpones IPO

FriendFinder Briefly Postpones IPO

The Penthouse publisher pushes back its initial public offering until early next week so it can answer more questions from the Securities and Exchange Commission

FriendFinder Briefly Postpones IPO

NEW YORKThe Associated Press is reporting that FriendFinder Networks (FFN) has postponed its initial public offering originally scheduled for Thursday until early next week. According to Renaissance Securities (Cyprus) Ltd., one of the underwriters managing the deal, the extra time will give the company more time to answer questions from the Securities and Exchange Commission

The company will sell 20 million shares and hopes to raise $220 million. The stock is expected to price between $10 and $12 and will trade under the symbol "FFN" on the Nasdaq Global Market.

ADVERTISEMENT

When contacted Tuesday by AVN about the impending IPO, FFN CEO Marc Bell said he was not allowed to comment, citing an SEC quiet period.






Related Content:

Tom Hymes

Comments

 /
Please log in to comment.
Don't have a free account? Become a member!


By participating you agree to our Privacy Policy & the AVN "Be Kind Policy"
and represent that you are not under the age of 18.

Related Topics







AVN.com