Tinder owner hoping $3.1bn float will woo investors

Discussion in 'Market News' started by Lily, Nov 10, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Company also behind Match and OkCupid looking to buck trend of recent poor IPOs in wake of Chinese stock market troubles

    The New York-based owner of dating brands including Tinder, Match and OkCupid is to press ahead with a flotation valuing the group at $3.1bn (£2.1bn).

    Match Group will be hoping sufficient investors “swipe right” to get the deal off to a good start. Over the past month, almost every initial public offering (IPO) has priced below its range amid lingering nervousness about new issues initially raised by the Chinese stock market crisis.

    Related: Is Tinder really creating a ‘dating apocalypse’?

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