FriendFinder Announces Pricing of IPO

BOCA RATON -  South Florida-based FriendFinder Networks Inc. announced today that it has priced its previously announced underwritten initial public offering of 5,000,000 shares of common stock at a per share price of $10.00 per share for gross proceeds to the Company of $50,000,000.

The Company has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock. The offering is expected to close on or about May 16, 2011. The shares are expected to begin trading on the Nasdaq Global Market on May 11, 2011 under the symbol FFN.

Imperial Capital, LLC and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., served as joint bookrunners for the offering. 

The Company intends to use the net proceeds of the public offering to repay a portion of its existing indebtedness.