Match, Tinder to Go Public Media conglomerate IAC is planning an initial public offering for The Match Group, which includes Match.com, OkCupid and Tinder.

By Jonathan Chew Jun 25, 2015

This story originally appeared on Fortune Magazine

IAC/InterActiveCorp is planning an initial public offering for The Match Group, the dating conglomerate behind popular sites such as Match.com, OkCupid, and Tinder.

IAC expects The Match Group to issue less than 20% of its common stock in the IPO, with IAC's remaining stake in The Match Group represented by both high- and low-vote common shares.

"The Match Group is poised for substantial growth in the coming years," said Greg Blatt, chairman of The Match Group, in a statement Thursday. The IPO is expected to be completed in the fourth quarter of this year.

The Match Group's portfolio of dating sites, made up of 40 brands around the world, generated revenues of more than $780 million and profits of more than $260 million in 2013. The success of these sites has clearly prompted IAC to move towards an IPO, and the market has responded in kind: Shares of IAC rose more than 5% in premarket trading Thursday following the news of the planned stock offering, reported CNBC.

The company also announced that Joey Levin, formerly CEO of its search & applications business, has been named CEO of IAC and has joined its board of directors.

Jonathan Chew

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.

By Jacqueline Whitmore

Fundraising

Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

By Bryan Lovgren

Business Solutions

Boost Business Efficiency with Five Years of Control D for $40

Secure, optimize, and customize your internet experience with this tool.

By StackCommerce

Franchise

7-Eleven Stores in the U.S. Will Introduce Some Japanese-Inspired Changes. Here's What to Expect.

You'll soon be able to pick up some fresh sushi or a new type of snack at your local 7-Eleven — but the Big Gulp isn't going away.

By Carl Stoffers

Marketing

Launching Your First Paid Product? Here's How to Successfully Turn Your Expertise Into Profit

Are you ready to launch your first paid product but feeling nervous? Don't worry — starting small with the right type of product is the secret to success. Read on to learn how to outline clear benefits, value price, leverage social media marketing and deliver excellent customer experience.

By Murali Nethi

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

By Vasily Voropaev