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Platinum Studios Files For IPO

Kevin Church has a post on Platinum Studios filing with the SEC to become a public company (it filed a SB-2 statement with the SEC). Kevin's post is a little bit of snark with some highly superficial speculation on the traffic at Drunkduck.com (a site owned by Platinum Studios). He links, however, to an American Ventures magazine story slash press release on Platinum Studios filing which also details Platinum's closing of a $5 million dollar round of equity financing. Digital Media Wire also filed a story on the potential IPO but no one seems to offer any independent reportage on the details of the financing round or the realistic prospects for an IPO (including the almost prequisite speculation on initial valuation).