FriendFinder Delays IPO

Jan 27, 2010 12:45 PM PST
BOCA RATON, Fla. — FriendFinder Networks Inc. has delayed its initial public offering scheduled for today until next week.

FriendFinder plans to sell shares for $10 to $12 each, with its stock listing on the New York Stock Exchange under the symbol FFN.

RenCap and Ledgemont Capital Markets LLC are acting as joint bookrunners for the offering, which was cut in half this month to about $220 million.

XBIZ was unable to reach CEO Marc Bell to comment on the delay.

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