walkitout (walkitout) wrote,
walkitout
walkitout

IPOs are hard even for profitable companies

Apparently, AshleyMadison attempted a Canadian IPO, failed, and is gonna try London next.

http://www.bloomberg.com/news/articles/2015-04-15/adultery-website-ashleymadison-seeks-ipo-as-demand-booms

Insert comment about the relative evil of consensual sex vs. selling addictive products to children so they'll keep buying as adults (tobacco companies) vs. gun companies.

Apparently while people like making money off of AshleyMadison, they'd rather you did not know.

"Avid Life Media, whose investors are wealthy North Americans who prefer to remain anonymous, registered 45 percent sales growth last year and a profit margin between 20 percent and 25 percent, according to Kraemer, who said the company estimates its value at $1 billion."
Tags: economy
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