According to Bloomberg.com, FriendFinder Networks Inc.,plans to go public on May 11 on the Nasdaq under the symbol FFN
FriendFinder in addition to being the publisher of Penthouse magazine, owns many websites including, AdultFriendFinder.com and Cams.com.
According to a filing with the U.S. Securities and Exchange Commission, the company will seek to raise as much as $60 million in the IPO by attempting to sell 5 million shares at $10 to $12 each.
FriendFinder’s revenue for the year ended Dec. 31 was $346 million, while the net loss was $43.2 million.
Stock of public adult company’s haven’t done all that well over the years we will see how this one does.