Here’s Everything You Need To Know About The IPO

Match Group IPO

Match Group, owners of Tinder, and OKCupid, will price its IPO of about 33.3 million shares between $12 and $14 per share.

The company revealed on Monday that its underwriters will have a 30-day option to buy an additional 5 million shares.

The online matchmaker will list on Nasdaq under the symbol “MTCH.”

The company has turned a profit the last three year and had $1 billion in revenue over the 12 months ended June 30. Match Group has nearly 59 million active monthly users, 4.7 million of them paid, using 38 languages in more than 190 countries.

The company will offer three stock types: common stock, Class B common stock and Class C common stock. Common stockholders will be entitled to one vote per share, while Class B shareholders will get 10 votes per share. Class C shareholders cannot vote.

Parent company IAC/InterActiveCorp, controlled by billionaire Barry Diller, will own all shares of outstanding class B stock and will maintain majority control of the company after the offering.

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Match Group completed the acquisition of PlentyofFish, another online dating site, for $575 million last month.

Written by Lane Hanson

Lane Hanson

Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies.