BUSINESS INSIDER – July 4 - Ashley Madison revealed that it could abandon its London IPO, which was estimated to raise £135M ($200M) because it has potentially found a "better option." "We don't want to rush and make a mistake, but we are looking to commit to a decision around August," said Noel Biderman, CEO of Avid Life Media which owns Ashley Madison.
by Lianna Brinded
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My money is on them IPO’ing in the states. Just makes better sense.
My money is on them IPO’ing in the states. Just makes better sense.
Considering the recent news of the hack maybe now’s not a good time to IPO. Will they shut down per the hackers request? No, they will take their lumps and march on.
Considering the recent news of the hack maybe now’s not a good time to IPO. Will they shut down per the hackers request? No, they will take their lumps and march on.