The Dallas-based company said in a regulatory filing that it would sell 33.3m shares at to a piece, and would give the underwriting banks, J. This means the firm could raise over £350m, thereby valuing the company in excess of £2.5bn.Match plans to use the cash from the listing to repay debt owed to IAC, its parent company.IAC would retain control of more than 50% of voting rights after the IPO (Initial Public offering) under its ownership of Class B shares, which have 10 votes apiece.
Tinder's parent company Match Group Inc has said it plans to raise more than half a billion dollars from the NASDAQ stock exchange.
Tinder is a dating app which lets users in 196 different countries swipe left or right on potential connections based on whether they like the look of their pictures or not.
The app receives 1.6 billion swipes per day delivering 26 million matches, and is said to result in more than 1.5 million first dates every single week.
Match, which also owns dating sites OKCupid and Plentyof Fish, recorded revenue in excess of three quarters of a billion dollars for the first nine months of 2015. and Bank of America Merrill Lynch, the option to buy a further 5 million shares.
52 week high and low values are calculated from close price data.
It operates its business through the following segments: Match, Meetic, Our Time and Ok Cupid.The company was founded on February 12, 2009 and is headquartered in Dallas, TX.All market data carried by BBC News is provided by Digital The data is for your general information and enjoys indicative status only.Neither the BBC nor Digital Look accept any responsibility for its accuracy or for any use to which it may be put.All share prices and market indexes delayed at least 15 minutes.