Match Group (MTCH) IPO Prices at $12, Low End of Range
Get Alerts MTCH Hot Sheet
Join SI Premium – FREE
Match Group (NASDAQ: MTCH) announced the pricing of Match Group's initial public offering of 33,333,333 shares of its common stock at a price to the public of $12.00 per share, the low end of the expected $12-$14 range. In addition, Match Group has granted underwriters a 30-day option to purchase an additional 5,000,000 shares at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading today on the NASDAQ Global Select Stock Market under the ticker symbol "MTCH."
The offering is expected to close on or about November 24, 2015, subject to customary closing conditions.
J.P. Morgan Securities LLC, Allen & Company LLC and BofA Merrill Lynch are acting as the lead bookrunning managers, and Deutsche Bank Securities, BMO Capital Markets, Barclays and BNP PARIBAS are acting as bookrunners for the offering.
Match Group is the world's leading provider of dating products. We operate a portfolio of over 45 brands, including Match, OkCupid, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet and FriendScout24, each designed to increase our users' likelihood of finding a romantic connection. Through our portfolio of trusted brands, we provide tailored products to meet the varying preferences of our users. We currently offer our dating products in 38 languages across more than 190 countries. In addition to our dating business, we also operate The Princeton Review, which provides a variety of test preparation, academic tutoring and college counseling services.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- FirstEnergy Corp. (FE) PT Raised to $35 at BofA Securities
- Morgan Stanley Assumes Match Group (MTCH) at Equalweight
- Nordson Corp. (NDSN) Appoints Daniel Hopgood as CFO
Create E-mail Alert Related Categories
Hot IPOs, IPOsRelated Entities
Deutsche Bank, JPMorgan, BMO Capital, Barclays, IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!