It was reported this week that Ashley Madison are seeking an IPO in London at some point this year.
For those of you who do not know who they are Ashley Madison allow would-be adulterers to sign up to their website for free and create a profile in order to let people know what they look like and what they want.
Described as a dating website for married people, Ashley Madison’s slogan is ‘Life is short, have an affair’.
Creator Noel Biderman has said that ‘he was a happily married father of two and would be “devastated” if his wife cheated on him’.
Ashley Madison has 1.2 million members in the UK or 5% of the married population
Interesting that the majority of users are men and that the company feels it more socially acceptable to list in London after failed attempts to list in the US.
Surely one of the more bizarre news stories to come out of the markets in a while.