Match Group Inc, the Dating Business Files for IPO
Although many recent IPO's did not yield expected results yet companies are not ready to give up.
On Friday, the Match Group Inc, which owns dating services like Tinder, Match.com and OkCupid filed for an initial public offering of common stock with the U.S. regulators.
Match Group has forty five brands operating and covers 190 countries with thirty eight languages. The company has fifty nine million active users in a month all together. It had 4.7 million paid users on September 30.
The parent company, IAC/InterActiveCorp led by media mogul Barry Diller said in June that it would float twenty percent or less of Match in an IPO.
There has been a growing demand and popularity of the dating sites and apps in recent times. Their instant messaging, geolocation services and photosharing features have attracted people.
According to the IPO filing, the revenue climbed to $888.1 million or by10.3 percent in 2014. It scaled nineteen percent to $254.7 million in the Q2 this year which ended in June.
Francis Gaskins, president of research firm IPO Desktop said, "It looks like it will be well received by the IPO market ..... it's got the financials that people are looking for."
New Zealand News
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