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A company goes public to raise money so they can execute a business plan faster or more effectively than they could without the money. For this reason alone I see no reason why Manwin would want to go public. Are there any major properties left that they would need a large injection of capital to buy? If there is, they'd be much better off raising it privately or borrowing.
They already have a Brazzers channel on DirecTV, and any TV network that wanted to do this sort of thing would be happy to partner with them anyway.
It's game set match folks. The only problem I see them having going forward is maintaining their growth levels, because they've pretty much exhausted the available major buying opportunities. Kink? (who probably won't sell) MetArt? (who I believe sold already) Vivid? Karups? ATK? FTV? I'm not sure many of those are really in line with their business model, either.
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