Friday 28 October 2016

Adultery website eyes up IPO

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AshleyMadison.com, a dating website for cheating spouses, wants to hook up with investors by pursuing an initial public offering in London this year.

The site's parent company, which failed with a previous IPO attempt in Canada, said yesterday it is looking to raise as much as $200m (€185m) to exploit booming demand for its services.

AshleyMadison had sales of $115m last year, an almost fourfold increase on 2009, its head of international relations said.

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