Adult FriendFinder To Go IPO Soon

Posted Dec 24, 2008

Andrew Conru has taken Adult FriendFinder (AFF) a long way.  AFF now has 20 million members, sold for $500 million to Penthouse Media Group, and now they are readying to go IPO.  AFF filed a Form S-1 with the SEC to go public yesterday.

Russian investment bank Renaissance Capital is preparing AFF for the IPO.  AFF hopes to raise $460 million when going public.  AFF made about $244 million in revenue in the last three quarters of the year across about 950,000 members.

AFF has about a half billion in debt that they plan on paying off with the IPO.  AFF is based in Boca Raton, Florida, led by Marc H. Bell as CEO.

[via TechCrunch]