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Online adult entertainment company FriendFinder revives plans for IPO

March 17, 2011
FFN

FriendFinder Networks, an online adult social networking and multimedia entertainment company, filed an amendment on Thursday with the SEC, reviving plans for its initial public offering. The Boca Raton, FL-based company had originally filed in January 2010 to raise $220 million by selling 20 million shares at a price between $10-$12 before postponing the deal. FriendFinder was founded in 1993 and booked $346 million in sales last year. It plans to list on the NASDAQ under the symbol FFN. Imperial Capital and Ladenburg Thalmann & Co. are now the lead underwriters on the deal, for which updated pricing terms and timing were not disclosed.