Match Group IPO Info

Company Name: Match Group
Stock Symbol: MTCH
Exchange: NASDAQ
Status: Priced
IPO Date: 11/19/2015
IPO Price: 12.00 (12.92%)
Underwriters
J.P. Morgan, Allen & Company LLC, BofA Merrill Lynch

Amount of Offering: N/A
Number of Shares Offered: 33.333 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Match Group is the world's leading provider of dating products. We operate a portfolio of over 45 brands, including Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24, each designed to increase our users' likelihood of finding a romantic connection. Through our portfolio of trusted brands, we provide tailored products to meet the varying preferences of our users. We currently offer our dating products in 38 languages across more than 190 countries, and we had approximately 59 million monthly active users, or MAU, and approximately 4.7 million paid members, using our dating products for the quarter ended September 30, 2015.
Financial Data
Financial commentary: "Our revenue increased from $713.4 million in 2012 to $803.1 million in 2013 and then to $888.3 million in 2014, representing year-over-year increases of 13% and 11%, respectively. For the nine months ended September 30, 2015, our revenue increased 16% over the comparable period in 2014 to $752.9 million. In 2012, 2013, 2014 and for the nine months ended September 30, 2015, we generated Adjusted EBITDA of $236.5 million, $271.2 million, $273.4 million and $179.4 million, respectively, operating income of $186.6 million, $221.3 million, $228.6 million and $125.9 million, respectively, and net earnings of $90.3 million, $126.6 million, $148.4 million and $84.7 million, respectively."

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