Thursday, 19 November 2015

Match Group to go public at low end of price range

The company behind online dating services Tinder, Match and OkCupid will go public at US$12 per share, opting for the low end of its projected price range.

The Match Group will seek to raise US$400 million with an initial public offering of 33.33 million shares on the Nasdaq, trading under the symbol
“MTCH,” the company said in a release on Wednesday.

Match operates a portfolio of more than 45 brands, which also include Meetic, Twoo and FriendScout24, each of them designed “to increase our users’ likelihood of finding a romantic connection,” according to a filing.

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