Match Group plans to raise up to $466.2M from its IPO

Discussion in 'Wall St. News' started by Phill Twist, Nov 9, 2015.

  1. The owner of Tinder, Match.com and OkCupid hopes to raise as much as $466.2 million in an initial public offering of company shares.


    Match Group disclosed in a regulatory filing Monday that it will price its IPO of about 33.3 million shares between $12 and $14 per share.


    Match Group will list on Nasdaq under the symbol "MTCH."


    There will be three classes of stock: common stock, Class B common stock and Class C common stock. Common stockholders will be entitled to one vote per share, while Class B shareholders will get 10 votes per share. Class C shareholders cannot vote.


    Parent company IAC/InterActiveCorp, controlled by billionaire Barry Diller, will own all shares of outstanding class B stock. It will maintain majority control of Match Group after the offering.
     
  2. hedron

    hedron

    What company used to use the MTCH symbol? I have data going back to 2006 and ending in 2010.