Match Group IPO pricing details are now available.
The Match Group IPO is priced at around $400 million. This is the low end of its expectations. The price of the stock when it launched was $12. This is also at the low end of expectations, which were set between $12 and $12, reports Reuters.
The Match Group IPO launched today and its trading under the MTCH ticker on the NASDAQ. IAC/InterActiveCorp (IAC), the owner of Match Group, plans to use funds from the IPO to cover some of its debt. The IPO will also help separate Match Group from its other properties that don’t have to do with dating, Reuters notes.
Just before the Match Group IPO launch, Sean Rad, the CEO of Tinder, which is owned by Match Group, had an unfortunate interview. In it he said liking intelligent women was sodomy, attributed hookup culture to feminism and said he’s only had sex with 20 women, reports London Evening Standard.
“The article was not approved or condoned by, and the content of the article was not reviewed by, the company or any of its affiliates, Match Group said in an SEC filing. “Mr. Rad is not a director or executive officer of the company and was not authorized to make statements on behalf of the company for purposes of the article.”
MTCH shares were up 15% as of Noon Thursday.
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