Tinder swipes right on up to $470 million IPO

Tinder swipes right on up to $470 million IPO

Tinder’s parent company Match  (which is owned by IAC/InterActiveCorp) could raise $470 million in its initial public offering. That’s a whole lot of swipes right.

The figure was revealed in an SEC filing today, and suggests that the opening share price will be between $12 and $14.

That means the total value of the company once it’s listed on the NASDAQ will be between $400m and $470m. It’ll use ‘MTCH’ as its ticker symbol.

The move to go public follows a strong year for the company, which saw annual revenue rise by nearly 11 percent to $888 million last year.

IAC’s other dating-related services include sites like PlentyOfFish and OKCupid, and across all of those properties, the company says it had 4.7 million paying members in Q3 2015.

Of course, with no shortage of new dating services coming online all the time, there’s no guarantee that Tinder’s immense popularity will continue once the next ‘hot’ service lands. Whether or not that will be Lulu or HowAboutWe or any other contender, remains to be seen.

Match Group Inc [SEC filing via Business Insider]

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