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Despite offering some fairly steamy content, the company that owns Penthouse magazine failed to generate much heat at its initial public offering yesterday.
FriendFinder Network's stock opened at $10 a share on the Nasdaq, right in line with expectations but was unable to get it up above that. Toward the end of the day, the price had drooped 21 percent, according to the Associated Press.
The Boca Raton-based company's flagship website is the casual hookup network AdultFriendFinder.com—which