BOSTON GLOBE - Apr 15 - AshleyMadison.com wants to pursue an IPO in London this year. Avid Life Media, the site’s parent company, which failed with a previous IPO attempt in Canada, said it is looking to raise ~ $200M. The company wants the new funds for marketing and international expansion. AshleyMadison has 36M members in 46 countries. While the US accounts for ~50% of its business, Europe is the only region where the company has a real chance of doing an IPO because of its more liberal attitude towards adultery. The company has also set a target that 50 - 60% of its sales will come from Asia by 2020, including Japan, Taiwan, and South Korea.
by Kristen Schweizer
See full article at Boston Globe