FriendFinders Sets IPO Terms

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Over a year ago in December of 08, FriendFinder Networks filed their IPO with the U.S. Securities and Exchange Commission for $460 million (see Story). On January 8th, 2010, FriendFinder set the terms of their initial public offering to just under half of the first estimate to $220 million. They plan to sell 20 million shares at a cost of $10 to $12 each. The Lead Underwriters of the offering are RenCap and Ledgemont Capital Markets LLC.

For those of you who are interested in more information, you can view the full half hour IPO video and slide show presentation here. The presentation is done by Daniel C. Staton, who is the Chairman of the Board of FriendFinder Networks Inc.