FriendFinder Networks, an online adult social networking and multimedia entertainment company, announced terms for its IPO on Wednesday. The Boca Raton, FL-based company plans to raise $55 million by offering 5 million shares at a price range of $10.00 to $12.00. At the mid-point of the proposed range, FriendFinder Networks will command a market value of $290 million. FriendFinder Networks, which was founded in 1993 and booked $346 million in sales for the 12 months ended December 31, 2010, plans to list on the NYSE under the symbol FFN. Imperial Capital and Ladenburg Thalmann & Co. are the lead underwriters on the deal.
