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Match.com (Nasdaq: MTCH) will begin trading as a public company on Thursday, Nov. 19. According to the Match.com IPO filing, the company plans to raise $433 million by offering 33.3 million shares.
If Match.com does raise $433 million, the company will have a valuation of $3.2 billion. The price range for the Match.com IPO is set at $12 to $14 per share.
The $3.2 billion figure is a hefty valuation considering Match's 2014 profit was $148 million.
The Match.com IPO is also happening during a time when IPOs have underperformed. IPOs in 2015 have declined an average of 2.2% from their offer price.
Here are all the must-know facts about the Match.com IPO filing…
The Biggest Match.com IPO Filing Details to Know
- The Match.com IPO will be a spin-off deal from media conglomerate IAC/InterActiveCorp (Nasdaq: IACI). After the Match IPO, IAC will own all outstanding Class B shares. This gives IAC the majority voting power for electing board members and changing dividend policies.
- Before the Match.com IPO, the company positioned itself as the largest online dating conglomerate in the United States. Match owns 45 dating and educational services, including Tinder and OkCupid.
- The Match.com IPO filing revealed the online dating and educating services company was very active in the acquisition market in 2015. Match acquired 25 different brands for a total cost of $1.3 billion.
- The Texas-based company has shown solid revenue growth in the past three years because of the booming Internet dating market. The popularity of Tinder and other apps have helped.
- Tinder currently has 583,000 paid members, and Match Group has a total of 4.7 million paid members as of Sept. 30.