Jiayuan.com International Ltd., China's largest online dating site with over 40 million registered users, announced terms for its IPO on Wednesday. The Beijing, China-based company plans to raise $78 million by offering 7.1 million shares at a price range of $10 to $12. At the mid-point of the proposed range, Jiayuan.com International Ltd. will command a market value of $348 million. Jiayuan.com International Ltd., which was founded in 2003 and booked $25 million in sales for the 12 months ended December 31, 2010, plans to list on the NASDAQ under the symbol DATE. BofA Merrill Lynch and Citi are the lead underwriters on the deal, which is expected to price during the week of May 9.
