Friday, October 16, 2015

Tinder Heads Towards IPO (Kinda), With Match.com IPO Filing

Los Angeles-based Tinder, the red hot dating and hookup app developer, is heading towards an IPO, albeit as part of IAC's Match Group. Match Group filed for an IPO on Friday, saying that it is looking to raise up to $100M in an IPO on the NASDAQ Global Select Market as MTCH. The IPO is being underwritten by J.P. Morgan, Allen & Company, and BofA Merrill Lynch. Match Group runs Match, OkCupid, Tinder, OurTime, BlackPeopleMeet and other dating brands, and also owns The Princeton Review. 100 percent of Match Group is currently owned by IAC.