Penthouse Publisher Postpones IPO

FriendFinder Networks Inc., the publisher of Penthouse magazine, said its initial public offering (IPO) will be postponed until early next week so the company has more time to respond to inquiries from the SEC, according to Renaissance Securities. The IPO was expected to come to market tomorrow.

FriendFinder, which also operates several adult-oriented Web sites, will sell 20 million shares and hopes to raise $220 million, according to press reports. The stock will trade on the Nasdaq under the ticker "FFN." The shares are expected to price between $10 and $12 each.