Dallas Based Match Group Plans To Raise Up To $466.2M From IPO
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DALLAS (AP) - The owner of Tinder, Match.com and OkCupid hopes to raise as much as $466.2 million in an initial public offering, to put the value of the dating site company near $3 billion.
Dallas-based Match Group Inc. disclosed in a regulatory filing Monday that it will price its IPO of about 33.3 million shares between $12 and $14 per share. The underwriters will have a 30-day option to buy an additional 5 million shares.
Parent company IAC/InterActiveCorp, controlled by billionaire Barry Diller, has been snapping up online dating sites as the industry grows in popularity.
Match Group has about 59 million active monthly users, 4.7 million of them paid, using 38 languages in more than 190 countries.
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