Dating sites Match and Tinder wants to go public, soon you will be able to purchase stocks for hooking up. Match Group, the online dating division of IAC/InterActiveCorp, brands include Tinder, OkCupid and Match, has applied with the SEC for an IPO last Friday. It is estimated that they could raise $500 million. No price has yet been set.
The Match will trade under the ticker symbol "MTCH". The company is owned by IAC, the media conglomerate helmed by Barry Diller, which also controls other digital online companies like About.com and Vimeo.
IAC will retain virtually all voting control of Match by offering a non-voting type of stock in the offering.
The paperwork also reveals that Match agreed in July 2015 to acquire PlentyOfFish, another online dating site, for $575 million.
Match and Tinder which are dating sites, have been growing steadily in the past few years. They were able to generate more than $888 million that gave them about $148 million in profit in 2014. In the first six months of 2015, Match generated revenue of $483 million and profit of $49.5 million.
