Match Group, the online dating division of IAC/InterActiveCorp, including Match.com and Tinder, announced terms for its IPO on Monday.
The Dallas, TX-based company plans to raise $433 million by offering 33.3 million shares at a price range of $12 to $14. At the midpoint of the proposed range, Match Group would command a fully diluted market value of $3.2 billion.
Match Group, which was founded in 1995 and booked $1.1 billion in sales for the 12 months ended September 30, 2015, plans to list on the Nasdaq under the symbol MTCH. J.P. Morgan, Allen & Company, BofA Merrill Lynch, Deutsche Bank, BMO Capital Markets, Barclays and BNP Paribas are the joint bookrunners on the deal. It is expected to price during the week of November 16, 2015.
