Tinder, Match.com parent company files for IPO
NEW YORK - Match Group is swiping left and hopes investors will do the same: The parent of Tinder, Match.com and OkCupid is filing for an initial public offering of stock.
The company valued the offering at $100 million, although that's an estimate made for purposes of calculating a filing fee and could change. Match Group says it will list its shares on the Nasdaq Global Select Market under the symbol "MTCH."
Match Group is a unit of IAC/InterActiveCorp, which is controlled by billionaire Barry Diller. IAC/InterActiveCorp (IACI) will still have majority control of Match after the offering.
The Dallas-based company says it had $1 billion in revenue over the 12 months ended June 30. Before the end of the year it expects to buy yet another site, PlentyOfFish, for $575 million.