FriendFinder Networks is planning to relaunch an initial public offering (IPO) to repay debt, The Wall Street Journal reports. The social networking company had planned to sell about 20 million shares for $10-12 each in 2010, but the plan was shelved. The size of the new offering has not been disclosed. The IPO may be listed on the Nasdaq Global Market. Imperial Capital and Ladenburg Thalmann & Company have been appointed to oversee the IPO, adds Reuters.
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