FriendFinder Networks, which bills itself as an social networking and video sharing technology company but is basically a porn and dating site network operator, has just reported its first results for the quarter since it’s (not so hot) May IPO, which raised $50 million.
It’s a mixed bag. Income increased nearly 52 percent year-over-year to $19.7 million, while adjusted EBITDA increased a decent… → Read More
More than a year after cancelling its IPO, citing terrible market conditions, FriendFinder this morning announced that it has filed an amendment to the Registration Statement on Form S-1 with the SEC in connection with a re-launch of its proposed initial public offering.
The company says it intends to use the net proceeds of the public offering to repay a portion of its existing indebtedness. → Read More
“FriendFinder Networks Inc. (“FFN”) announced today that based on market conditions, it has chosen not to proceed with its planned initial public offering at this time until market conditions improve.”