Match Group Files For IPO

WSJ – Oct 16 – Match Group, owner of Tinder, OkCupid and Match.com has filed to go public on Friday. Their shares would be listed on Nasdaq under the symbol MTCH. The preliminary filing indicated Match would raise up to $100 million. Match Group’s parent company IAC will retain over 50% of voting rights after the IPO.

The company logged $888.3 million in revenue in 2014, up about 11% from the previous year, according to its filing with the Securities and Exchange Commission. Match’s net income for 2014 was $148.4 million, up 18% year over year. All Match’s dating properties have more than 59M MAU and approximately 4.7M paid members.

by Georgia Wells & Maria Armental
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