FriendFinder Shares Begin Trading on Nasdaq Wednesday
 

BOCA RATON, Fla. ? Shares of FriendFinder Networks Inc. will be trading at $10 a share on the Nasdaq starting Wednesday.

The Boca Raton, Fla.-based company said in an announcement on the initial public offering Tuesday night that it is raising $50 million to repay some of its debt.

The company, which operates a string of social networking websites including AdultFriendFinder and Penthouse magazine, sold 5 million shares for $10 each, at the bottom of the proposed price range of $10 to $12 per share.

Imperial Capital and Ladenburg Thalmann & Co served as bookrunners on the IPO.

Last year, FriendFinder's plan was to sell at least 20 million shares for $10 to $12 each. But that IPO was yanked.

At the time, Marc Bell, FriendFinder?s CEO told XBIZ that it would not proceed with an IPO ?until market conditions improve.?

The company had $346 million in revenue for the 12 months ending Dec. 31.

Shares of FriendFinder will begin trading on Nasdaq on Wednesday under the symbol "FFN."

http://www.xbiz.com/news/133897

I am so looking forward to the real time quotes on that one today...

346m revenue, 43m loss... Awesome.

Wondering when google et all will show the FFN symbol. It's not coming up yet. It's only on Reuters.com

It's a definite watch.
I like roller coaster's.

OOP here it is.
http://www.streetinsider.com/stock_lookup.php?q=FFN

OOp no... thats a financial group.

i read it that its, please give us cash to pay our debts'.

sounds like a great firm to invest in.

Dvtimes, that pretty much is it.

The risk factors in the s1 filing are very entertaining too...

FFN.com, about us, investor relations, the latest s-1 link on top.

It also is rather interesting to see how they can not and will not in the foreseeable future pay dividends, they have a ton of risk of defaulting on their current debt, they already were in default on the old debt and were for a few days on the new debt too but could cure it in time. (reson for default on the all new debt was great too, the very first payment to the lenders for the new debt was done based on the old debt metrics! Paid millions too little!

how can they lose money? they are huge.

Huge amount of debt. That's how. Hi interest payments. And high operating costs too

you should buy them and make it right:2 cents::winkwink:

JFK, if only I believed in their biz-model in today's Facebook and twitter age. Hard to compete I think.

Don't know about buying these stock.. :-/

And yet you somehow believed in paysite's biz model in today's age of pornhub and tube8.