Match Group, the online dating division of IAC/InterActiveCorp, including Match.com and Tinder, filed on Friday with the SEC for an IPO that we estimate could raise $700 million.
Match Group is the world's largest provider of online dating services. It operates more than 45 services with a combined 59 million monthly active users and 4.7 million paid members. Key services include Match, Meetic, OkCupid, Tinder, Twoo and FriendScout24.
The Dallas, TX-based company, which was founded in 1995 and booked $950 million in sales for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol MTCH. Match Group initially filed confidentially on 8/12/2015. J.P. Morgan, Allen & Company and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.
