Re: Penthouse to Offer $250m IPO
I'm sure they think with the insane valuation that Facebook has, they should be able to see some hefty valuation based on AFF.
Going public gives you some interesting finance and buy out options. Anyone have anything they wanna sell for a fraction of what it's worth a ton of highly speculative stock?
I haven't looked at the IPO or crunched the numbers for the simple reason I wouldn't touch them with a 10 foot pole. In my opinion, the principles involved have a bit of a reputation for short term thinking....I dont see them wanting to build and grow so much as cash out what they already have. Investors at some point could potentially be left holding the bag.
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