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Ashley Madison London IPO unlikely after hackers threaten to expose 37m adulterers

Discussion in 'CSO' started by RSS, Jul 22, 2015.

  1. RSS

    RSS New Member Member

    Ashley Madison's dream of a public listing on a financial market this year is over, according to bankers cited by CNBC.

    The cheating platform had hoped to raise $200 million (£128 million) on the London Stock Exchange but its future hangs in the balance today as hackers threaten to expose the 37 million people using the website to find someone to have an affair with.

    "Of course they're going to have to put any IPO plans on ice. It will be at least a few months before any banks would consider touching it," said a Canadian investment banker. "I don't think this kills the company, unless all the data eventually gets leaked."

    Another banker added: " "The doomsday scenario for Ashley Madison is if the hackers take all the names and addresses, correlates them to real people and prints addresses and phone numbers. That will kill it."

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