Contributed by: Editor Sunday, January 31 2010 @ 10:44 am
There is more bad news for FriendFinder Networks regarding their IPO (see Story). FriendFinder was suppose to start trading on the New York Stock Exchange this Thursday under the symbol FNN. They now plan to launch sometime the following week. The dip in the market last week is said to take partial blame as well as some last-minute questions from the Securities and Exchange Commission. These questions are not uncommon and can delay the process of launching a deal.
For more information, read the Wall Street Journal[*1] .