REUTERS - Jan 10 -
FriendFinder set the terms of its initial public offering on Friday, cutting its size by more than half. FriendFinder's properties range from
AdultFriendFinder.com to
BigChurch.com and
SeniorFriendFinder.com. It also publishes pictures and video, and the magazine Penthouse. FriendFinder plans to sell 20M shares for $10 to $12, each. At the midpoint that would raise $220M. The company filed for an IPO in December 2008 of up to $460M, but did not disclose details.
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