Wednesday, November 18, 2015
Match Group Prices IPO At $12.00, Disavows Sean Rad Interview
Match Group, the parent company of Los Angeles-based dating app Tinder, has priced its IPO at $12.00 per share, selling 33,333,333 shares in its IPO, and will debut tomorrow on the NASDAQ Global Select Market as MTCH, despite a snafu when a UK tabloid published an interview with Tinder CEO Sean Rad. Match had estimated its IPO range at between $12.00 and $14.00 per share. In a SEC filing, Match.com said that the interview with Sean Rad was not approved, condoned by, and the content of the article in the Evening Standard was not reviewed by the company. Match also said that Rad was "not authorized" to make statements on behalf of Match Group, and also said that many of the statements he made were "inaccurate", issuing corrections to Rad's numbers on users and swipes.