FriendFinder Networks Inc, the owner of specialized going out with websites and writer regarding the person guys newspaper Penthouse, filed for a $460 million IPO.

FriendFinder Networks Inc, the owner of specialized going out with websites and writer regarding the person guys newspaper Penthouse, filed for a $460 million IPO.

FriendFinder possesses wants to make use of proceeds of its IPO mainly to repay loans, as mentioned in a filing employing the U.S. investments and change profit.

Penthouse Media Crowd, a Florida-based service obtained FriendFinder, Inc in December of 2007 for $500 million in an attempt to obtain a respected state when you look at the on the web mature market with FriendFinders AdultFriendFinder residential property. In line with the regulatory submitting, FriendFinders net income between Jan. 1 to Dec. 6, 2007, is $48.6 million, but down 20.5per cent from whole spring in 2006. Read More