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."

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Angela White Stars in New Interactive Scene From Brazzers

Multi-XMAs winner Angela White stars with reigning and two-time XMAs Europas Male Performer of the Year Christian Clay in a new interactive release from Brazzers, titled “Taking Angela Back To Your Place.”

Marvin Love Directs 'Rich and Horny Weirdos' for Brazzers

Brazzers has released a new scene directed by Marvin Love, titled “Rich and Horny Weirdos.”

Julia James, Sage Hunter Topline 'Lesbian Sister In-Laws' Sequel

Julia James and Sage Hunter headline the latest release from Girlfriends Films, titled “Lesbian Sister In-Laws 2.”

Jade Greene Fronts Latest From TeamSkeet

Jade Greene stars with Nicky Rebel in the latest release from TeamSkeet.

Bree Mills Wraps Production on Pure Taboo Thriller 'Let Me In Too'

Adult Time has announced that production has wrapped on the Bree Mills thriller sequel "Let Me In Too."

Emma Rosie, Rebel Rhyder Topline Latest Volume of 'Hookup Hotshot: E-Girls'

Emma Rosie and Rebel Rhyder headline Brian Gozzling’s “Hookup Hotshot: E-Girls 28” from Evil Angel.

Agatha Vega Fronts Latest From Ricky's Room

Reigning XMA Europas Female Performer of the Year Agatha Vega stars in the latest release from Ricky's Room, titled "Agatha Habla Sucio."

Taylor Vixxen Makes Her MILFY Debut

Taylor Vixxen has made her debut for Vixen Media Group (VMG) studio imprint MILFY, alongside Dan Damage.

Catherine Knight Makes Her Vixen Debut

Catherine Knight has made her Vixen debut alongside Dan Damage.

Andi Avalon Headlines 'Slutty Nurses 3' From Reality Junkies

Andi Avalon toplines the third volume of "Slutty Nurses" from Mile High Media studio imprint Reality Junkies.

Show More