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Match.com is one of the most highly anticipated IPOs of 2015, and the Match.com stock symbol has been set as "Nasdaq: MTCH."
The Match.com IPO will be spun off of Barry Diller's IAC/InterActiveCorp (Nasdaq: IACI).
Shares will be priced Wednesday, Nov. 18, after the 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 Stock Symbol and Significant Details About the IPO
The Match.com IPO aims to raise $536.7 million, valuing the company at $3.4 billion. That's about $800 million less than some analysts had expected earlier this year.- Based on IAC's overall spin-off record, Match.com shares could trade at a significant premium above the expected $12 to $14 price range. Match will be the sixth public spin-off IAC has completed in the last decade. Those include Expedia Inc. (Nasdaq: EXPE), which is up a whopping 551% since its August 2005 IPO. The S&P 500 is up just 64% in the same time. Lending Tree Inc. (Nasdaq: TREE) is another IACI spin-off, and it's up a stratospheric 1,497% since 2008.
- Dallas-based Match.com 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.
- In the first nine months of 2015, revenue rose 16% as paying users expanded by 15%.
- Match Group has about 59 million active monthly users. Roughly 4.7 million of them are paid users. Customers come from 190 countries and use 38 languages.
- Match got more than half of its new paying users from international markets in the first nine months of 2015. Although those 1.35 million international users increased by 24%, international revenue was flat based on a mixed shift to lower brands and lower rates.