02-05-2010, 12:34 PM
|
|
|
Confirmed User
Join Date: Jun 2004
Location: Tampa Bay, FL
Posts: 6,708
|
Friend Finder IPO gets shelved
From Reuters:
Quote:
The company, which was bought by the publisher of men's magazine Penthouse for $500 million in 2007, did not say when it might again try to price the IPO, but said in a statement it would not proceed "until market conditions improve."
FriendFinder intended to sell 20 million shares for between $10 and $20 each and use the proceeds largely to pay down debt. FriendFinder first filed for the IPO in December 2008, and initially sought to raise as much as $460 million.
|
Full Article
__________________
Start making money with the hottest hookup site!
up to $55 PPS or up to 75% Revshare
ICQ 196766477
|
|
|