Tinder Parent Match Group Files $100M IPO; to List Under Symbol 'MTCH'

IAC/InterActiveCorp (NASDAQ: IACI) announced that its wholly-owned subsidiary Match Group, Inc. filed its IPO paperwork with the SEC. The maximum offering size is $100 million.

The number of shares to be offered and the price range for the offering have not been determined. Match Group has applied to list its common stock on the NASDAQ Global Select Stock Market under the ticker symbol "MTCH".

J.P. Morgan Securities LLC, Allen & Company LLC and BofA Merrill Lynch are acting as the lead bookrunning managers for the offering.

Match Group is the world's leading provider of dating products. The company operates a portfolio of over 45 brands, including Match, OkCupid, Tinder, Meetic, Twoo, OurTime and FriendScout24.

Data showed revenue increased from $713.4 million in 2012 to $803.1 million in 2013 and then to $888.3 million in 2014, representing year-over-year increases of 13% and 11%, respectively. In 2012, 2013 and 2014, the company generated Adjusted EBITDA of $236.5 million, $271.2 million, and $273.4 million, respectively, operating income of $186.6 million, $221.3 million and $228.6 million, respectively, and net earnings of $90.3 million, $126.6 million and $148.4 million, respectively.

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