Penthouse owner files for $460 million IPO
Bloomberg
Proceeds of the share sale will be used to pay off debt and for other corporate expenses, the company said in a statement. FriendFinder operates more than 25 Web sites including adultfriendfinder.com and asiafriendfinder.com.
Penthouse Media, which emerged from bankruptcy in 2004, acquired the sites for $500 million in cash and stock last year.
