Nov
09
Match Is Seeking $3.1 Billion Value in I.P.O.
By
Match, the owner of Tinder, generated $84.7 million in net earnings during the nine months through September.CreditRichard Perry/The New York Times
The Match Group is seeking a valuation of about $3.1 billion as it prepares for an initial public offering.
The company, which owns the online dating brands OkCupid and Tinder,said on Monday that it planned to sell 33.3 million shares for $12 to $14 apiece. Those terms indicate an offering size of $433 million and a market valuation of $3.1 billion at the midpoint.
In setting these terms, Match begins a roadshow, meeting with investors who will help the company set an official I.P.O. price in a few weeks, based on demand…
Match Is Seeking $3.1 Billion Value in I.P.O.
