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Don't Ask Ashley Madison About Its IPO Plans

The website doesn't want to talk about it.
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Ashley Madison admitted Wednesday that hackers have indeed published some legitimate data about its users — a potentially devastating development for a site based on discretion. It couldn’t have come at a worse time, as the site’s parent company, Canada-based Avid Life Media, has been looking to raise as much as $200 million with an offering aimed at the London Stock Exchange this fall. “When and if we have news with regards to our business (IPO or otherwise), we will make the appropriate statements at that time,” Avid Life spokesman Paul Keable said.

Is Ashley Madison IPO doomed because of leak? [NYP]

Related: Media Analyst Wouldn’t F*ck The Ashley Madison IPO With Your Dick


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