According to a report on Israeli news service Haaretz.com, CoolVision, which manages dozens of porn sites, develops live video streaming services and specializes in content delivery, is meeting with local underwriters with plans to launch an IPO most likely on the London stock exchange.
CoolVision is described as a full-service Internet company that operates mainstream sites as well. According to Haaretz.com, CoolVision “rakes in hundreds of millions of dollars a year.”
Interestingly, though CoolVision is based in Israel, it doesn’t do much business there. Its servers are located outside the country, most adult sites can’t be accessed within Israel and the company doesn’t accept Israeli credit cards.
Company owner Muly Litvak has experience launching IPOs. He launched an IPO for TargetMatch, an online dating site in 2000, but de-listed the company when the dot-com bubble burst.
The company employs roughly 140 people. Its operations are connected to Sobonito Investments, a Cyprus-based company that was sued in 2005 for anti-spam violations by the Federal Trade Commission.