Tinder, OKCupid and PlentyofFish owner Match Group seeks valuation of $3.8bn in stock market float
Match Group, the owner of dating sites Match and OK Cupid as well as dating app Tinder, is seeking a valuation of as much as $3.8bn (£2.5m) in its initial public offering.
The group plans to sell 14 per cent of the company in 33.3m shares at a price between $12 and $14, meaning it could make $467m at the maximum price.
Match plans to use the cash raked in from the sale to repay debt owed to IAC, its parent company.
IAC will own 86.1 per cent of Match’s shares after the sale, and will have 98.4 per cent of shareholder’s voting power as it owns some “class B” stock, which entitles it to more votes per share.
Match Group's revenue was $752.9m in the nine months to September this year, an increase of 16 per cent on the same period in 2014.