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The Match.com IPO date was announced in a regulatory filing Monday. The company will price its shares on Wednesday, Nov. 18, after market close. The first day of trading will be Thursday, Nov. 19.
The online dating company, which owns Tinder, Match.com, and OKCupid, will price its IPO of about 33.3 million shares between $12 and $14 per share.
Here's what we know about the deal ahead of the Match.com IPO date…
Match.com IPO Date and Important Details
- The Match.com IPO plans to raise $536.7 million. That values the company at $3.4 billion. That's about $800 million less than some analysts had expected earlier this year.
- Shares will be listed on the Nasdaq under the symbol "MTCH."
- The Dallas-based company says it has turned a profit in each of the last three years and had $1 billion in revenue over the 12 months ended June 30. Match Group has about 59 million active monthly users, 4.7 million of them paid, using 38 languages in more than 190 countries.
- Its headquarters are in Dallas, Texas. The company also has offices in West Hollywood, San Francisco, Tokyo, Rio de Janeiro, and Beijing. com isowned by IAC/InterActiveCorp (Nasdaq: IACI). IAC also owns web properties like Vimeo, HomeAdvisor, About.com, and CollegeHumor.
- Match Group made up about a third of IAC's overall revenue in Q3.
- A large part of Match's success has come from launching new apps and features, such as the swipe left or swipe right that has become Tinder's signature. Tinder makes money from fees. It charges up to $19.99 a month. The company's filing showed Tinder had 583,000 paid members at the end of September, six months after the launch of its premium service.
- OKCupid is free but has paid memberships with extra features.
- Match.com charges users a monthly fee.