Rocco Penn A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, and Facebook.

The company that owns Tinder is preparing to go public

1 min read

It may surprise you to find out that Match.com, OKCupid, and Tinder are all owned by a Dallas-based company known as Match Group, and that the company is filing for an IPO. Considering how it pulled in nearly $500 million in the first half of this year, it’s not all that surprising that the company is going public, but its growth isn’t all that impressive, which is what the IPO is supposed to give it the funds to fix. As for how much it hopes to raise, the filing says $100 million, but that number may change before the IPO. 

Match Group, a spinoff of IAC that owns properties like Tinder and OKCupid, has filed to go public. The Dallas-based company is reporting trailing twelve months revenue of $1 billion ending June 30 this year, and revenue of $483.9 million for the first half of 2015. It had net earnings of $49 million in the first half of 2015, and trailing 12 month net earnings of $177.5 million. In 2014, it generated $888.3 million in revenue and $148.4 million in net earnings — so the company isn’t necessarily growing that quickly. The company says it has 59 million monthly active users, and about 4.7 million paid members, using its dating products as of the end of the third quarter this year. Match Group’s products are in 38 languages across more than 190 countries, the company said in its S-1 filing. The company had 1,600 full-time employees and 3,300 part-time employees around the world as of the end of the second quarter this year. The company is listing under the Nasdaq as MTCH, with the IPO being led by JP Morgan, Allen & Company, and Bank of America Merrill Lynch. The company has filed to raised up to $100 million, though that number may change.

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Rocco Penn A tech blogger, social media analyst, and general promoter of all things positive in the world. "Bring it. I'm ready." Find me on Media Caffeine, Twitter, and Facebook.

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