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Originally Posted by Grump
Some portion of the assets of Penthouse had been sold to a public company. I do not know if the deal went through or not, and also remember reading about problems with the listing status of the acquiring public company.
Rick's Cabaret may still be public, they were in the past, and Mustang Ranch tried to go public back int he 80s, but the deal was pulled due to the Mustang owner's IRS problems at the time.
Being public is a great way to raise funding, many sources will not consider investing in a private company. That said, the demands on time and finances can be significant in running a public company and maintaining all the required reports and standards.
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One would think it would be more difficult to find people willing to invest in that case, because ROI can be unpredictable in this marketplace. Look at the .com bubble bursting... That made a lot of people nervous.