Tinder's mom or father agency info for IPO

Tinder's parent company files for IPO

Match Group, the proprietor of Tinder and OkCupid, goes public. In accordance to the submitting, the company hopes to spice up $100 million dollars. The mega-courting agency states in its paperwork filed with the Security and Exchanges Payment that its profit over its rivals consists of strong mannequin recognition (It’s strong to consider a courting mannequin greater than Tinder correct now) and the facility to scale. It at current has fifty 9 million month-to-month energetic clients and of those 4.7 million are paid. Most of its meant progress will perhaps be worldwide. The elevated funds from the offering will help it give consideration to product enchancment, turning into additional mobile, improve purchaser acquisitions and improve its portfolios with new merchandise and looking for up rivals. The company is perhaps listed on the NASDAQ as MTCH. Actually all these numbers and converse of progress come down to love. Or on the very least the temporary-time interval “love” of hooking up. The Match Group’s stated mission is “to increase romantic connectivity worldwide.”

VIA: TechCrunch

SOURCE: SEC

Tags: ipo nasdaq okcupid stock tinder

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