Friday, November 20, 2015

Tinder Parent Match Group Rises In IPO, Despite Interview Fiasco

Match Group, the parent company of high profile dating app company Tinder, saw a solid IPO on Thursday, despite a fiasco involving an interview with Tinder CEO Sean Rad. Match, which runs Match.com, Tinder, OkCupid, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24, debuted at $12.00 per share on Thursday, rising over 22 percent to close at $14.74. Match Group--which was part of IAC before the IPO--debuted as MTCH on the NASDAQ Global Select Market. The solid performance came despite an ill-timed and negatively received interview with Tinder CEO Sean Rad, which was published on Wednesday by a UK tabloid, which Match Group was forced to address in a last minute SEC filing before its IPO.