Group behind Tinder to go public

Match Group, the owner of online-dating sites Tinder, Match and OkCupid, plans to raise about $403.7 million in an initial public offering.

The company, a unit of Barry Diller’s IAC/InterActiveCorp., plans to sell 33.3 million shares at $12 to $14 each, the company said in a regulatory filing Monday. The company said the net proceeds would be about $403.7 million based on the midpoint of that price range.

Match Group reported profit of $126.6 million in 2013 on revenue of $803.1 million and a $148.4 million profit on $888.3 million in sales in 2014, according to IPO documents filed last month.

Bloomberg