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this is really gilt edged

  1. FallGuy

    2,070 Posts.

    Australian brothel readies IPO

    Bordello seeks to raise $5M by offering 'recession-proof' opportunity.
    December 13, 2002: 11:01 AM EST

    SYDNEY, Australia (Reuters) - Touting its recession-proof services, the Daily Planet, an Australian bordello, said its plans to issue shares have attracted so much interest it will move its stock exchange listing forward to early 2003.

    Selling itself as a "very busy five-star hotel," the Melbourne, Australia-based Daily Planet said it aims to raise $5 million to pay debts and grow by offering 40.4 percent of its property arm to the public.

    The group said in July it hoped to become the world's first listed brothel within one to two years.

    "Since then we have received over 3,000 telephone and e-mail inquiries from investors all over the world, including nine million hits on our Web site," Daily Planet Managing Director Andrew Harris said.

    "With such anticipation, we resolved to expedite the listing process," he said.

    Prostitution is legal in some parts of Australia, but with certain curbs.

    The Daily Planet's gaudy Horne Street property in the Melbourne suburb of Elsternwick has 18 themed rooms with names such as Venus and Xanadu. Some have spas large enough for several guests at a time.

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