Adultery Site AshleyMadison Planning IPO

April 15, 2015 8:08 PM

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There’s a perhaps-surprising reason that the owners of AshleyMadison.com, the Web site for people cheating on their spouses, decided to issue public stock for the first time in London rather than New York: Americans are too moral.

The Toronto-based Avid Life Media says it’s planning a London public stock offering sometime this year because “Europe is the only region where we have a real chance of doing an IPO,” Christoph Kraemer, the company’s head of international relations, told Bloomberg. “We’re no longer a niche, but it’s...

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