Millions of people use online dating sites, hoping to meet their match. Now the online dating firm Match Group is hoping to appeal to investors in an initial public offering.
The company, parent of the dating sites Match.com, Tinder and OKCupid, filed papers for an IPO on Friday, according to the Wall Street Journal. Shares will be listed on the Nasdaq Global Select Market under the ticker symbol “MTCH.”
Online dating is booming, and Match is an industry leader. The company took in more than $888 million in 2014, up about eleven percent from 2013, with net income in 2014 of more than $148 million, up eighteen percent for the year.
The company’s IPO filing shows it has 59 million active monthly users, and about 4.7 paying members.
Match is owned by IAC/InterActiveCorp, which would retain voting control of the company under the terms of the IPO. The preliminary papers say the company hopes to raise $100 million with the offering, though that figure may change. A portion of the proceeds, based on the total amount raised, would be paid back to IAC for debt repayment.
Other dating sites’ IPOs have recently stalled. Zoosk Inc dropped its bid earlier this year, after more than a year of delays. The recent hacking scandal of the infidelity site Ashley Madison seems to have ended that company’s chances for an IPO anytime soon.