November 9, 2015

healthy group, owners of Tinder, in shape.com and OKCupid, will price its IPO of about 33.three million shares between $ 12 and $ 14 per share.

the company revealed on Monday that its underwriters can have a 30-day option to buy an extra 5 million shares.

the net matchmaker will list on Nasdaq beneath the logo “MTCH.”

the corporate has turned a profit the remaining three year and had $ 1 billion in earnings over the one year ended June 30. in shape workforce has nearly 59 million active month-to-month customers, four.7 million of them paid, the use of 38 languages in more than 190 nations.

the company will provide three inventory sorts: widespread stock, classification B fashionable inventory and sophistication C widespread inventory. fashionable stockholders might be entitled to one vote per share, while class B shareholders will get 10 votes per share. category C shareholders can’t vote.

guardian firm IAC/InterActiveCorp, controlled by way of billionaire Barry Diller, will personal all shares of exceptional category B inventory and will care for majority keep an eye on of the corporate after the providing.

suit staff accomplished the acquisition of PlentyofFish, some other on-line dating web site, for $ 575 million last month.

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