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, 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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