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FriendFinder Networks Said to Delay IPO to Next Week

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"FriendFinder Networks Inc., the publisher of Penthouse magazine, has pushed back its initial public offering scheduled for today until next week, according to a person familiar with the situation," Bloomberg reports. "FriendFinder, the Boca Raton, Florida-based operator of Web sites from AdultFriendFinder.com to Cams.com, had planned to raise as much as $240 million selling 20 million shares at $10 to $12 each today, a Jan. 8 filing with the Securities and Exchange Commission and Bloomberg data show. Marc Bell, FriendFinder’s chief executive officer, declined to comment."
SOURCE:   Bloomberg

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