The Porn IPO

From the Guardian:

The stock market is to provide its first listing for a pornography publishing group as the adult magazines empire founded by Express owner Richard Desmond next week seeks a listing on the junior Plus Market.
Interactive Publishing, a shell group, is floating at the same time as agreeing a reverse takeover deal with Trojan Publishing, a private business that has built up a large portfolio of top-shelf titles such as Asian Babes, Forty Plus and New Talent.
Before buying rights to about 30 former Desmond titles last year, Trojan acquired about a dozen mostly adult magazines from British Virgin Islands-registered AML Publishing Trust in June 2006. A month later it signed a deal with Penthouse, licensing rights to Forum, an adult magazine for which Alastair Campbell once wrote a column entitled Riviera Gigolo.

Posted by on February 12th, 2008 at 9:46 am


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