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Match, the company that owns Tinder, just filed to go public

Oct 17, 2015, 03:01 IST

Tommaso Boddi/Getty Images for Tinder

Match Group, the IAC-owned and -controlled parent company of some of the world's biggest dating apps and websites, filed to go public Friday.

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The ticker symbol on NASDAQ will likely be "MTCH."

Match generated 2014 revenue of $888.3 million, up about 11% year-on-year, with net income of $147.8 million, up 18% year on year, according to the company's prospectus.

Match's portfolio of web companies includes Tinder, PlentyOfFish, Match, HowAboutWe, and OKCupid.

The filing is the second high-profile IPO announcement this week, following digital-payments company Square, which filed its IPO prospectus on Wednesday.

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The two companies are among the most highly anticipated public market debuts at a time when many of the tech industry's largest companies are choosing to raise money in the private markets rather than float shares to the public.

After its IPO, Match will be a "controlled company," with more than 50% of its shares own by IAC, the internet conglomerate led by media mogul Barry Diller, the company said in its filing.

Here's a look at the company's financials:

BI Screenshot

Match indicated an offering size of $100 million in the filing, though that number is typically a placeholder that will increase as before the IPO.

The bankers selected as the lead underwriters for the IPO include JP Morgan, Allen & Co., and BofAMerrill Lynch.

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Here's the SEC filing.

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