FriendFinder sets terms of IPO, cuts offering size

NEW YORK, Jan 8 (Reuters) - FriendFinder Networks Inc, an operator of social-networking websites and publisher of the adult men's magazine, Penthouse, set the terms of its initial public offering on Friday, cutting the size of the deal by more than half.

FriendFinder in a filing with the U.S. Securities and Exchange Commission said it plans to sell 20 million shares for $10 to $12, each. At the midpoint that would raise $220 million.

The company filed for an IPO of up to $460 million in December 2008, but did not disclose any details.

(Reporting by Clare Baldwin; editing by Andre Grenon) Keywords: FRIENDFINDER/IPO ([e-mail] [phone]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.