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Can you purchase stocks within an adultery web site?

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Quentin Fottrell

AshleyMadison hopes to improve $200 million within an IPO

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Noel Biderman, CEO of AshleyMadison

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Call it stocks for affairs.

The Toronto-based media business Avid lifestyle Media Inc., which has Ashley Madison, the “most famous site for discreet encounters between married individuals,” announced the other day so it hopes to boost $200 million in a preliminary general general general public offering in London later this year after failing in a past effort in Canada year that is last.

Although Avid lifestyle Media has other web internet web web internet sites, like Cougarlife — where females search for more youthful males — and EstablishedMen — where men search for younger ladies — Ashley Madison comprises around 70percent of Avid’s $150 million revenue that is annual states Noel Biderman, CEO regarding the web web web site. Ashley Madison alone, he claims, has over 33 million people global with 2.3 million active users at any provided time. Continue reading