NEW YORK, Nov. 9, 2015 /PRNewswire/
-- IAC/InterActiveCorp ("IAC") today announced that Match
Group, Inc. ("Match Group"), a wholly-owned subsidiary of IAC, has
launched a roadshow for its initial public offering ("IPO"). Match
Group currently intends to use all of the net proceeds of the
offering to repay related-party indebtedness owed to IAC.
Match Group is offering 33.3 million shares of its common stock
in the IPO. The underwriters will have a 30-day option to buy an
additional 5 million shares at the IPO price, less underwriting
discounts and commissions. The IPO price is currently expected to
be between $12.00 and $14.00 per
share. Match Group has applied to have its shares of common stock
approved for listing on the NASDAQ Global Select Stock Market under
the ticker symbol "MTCH."
J.P. Morgan Securities LLC, Allen & Company LLC and BofA
Merrill Lynch are acting as the lead bookrunning managers, and
Deutsche Bank Securities, BMO Capital Markets, Barclays and BNP
PARIBAS are acting as bookrunners for the offering.
This offering will be made only by means of a prospectus. A copy
of the preliminary prospectus, may be obtained from J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, Attention:
Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866)
803-9204, from Allen & Company LLC, Attention: Syndicate
Department, 711 Fifth Avenue, New York,
NY 10022, or by telephone at (212) 339-2220 or from BofA
Merrill Lynch, Attention: Prospectus Department, 222 Broadway,
New York, NY 10038, or by
e-mailing: dg.prospectus_requests@baml.com.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission but has not
yet become effective. These securities may not be sold, nor may
offers to buy be accepted, prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About IAC
IAC (NASDAQ: IACI) is a leading media and
Internet company. It is organized into four segments: Match Group,
which includes dating and education businesses with brands such as
Match, OkCupid, Tinder and The Princeton Review; Search &
Applications, which includes brands such as About.com, Ask.com,
Dictionary.com and Investopedia; Media, which consists of
businesses such as Vimeo, Electus, The Daily Beast and
CollegeHumor; and eCommerce, which includes HomeAdvisor and
ShoeBuy. IAC's brands and products are among the most recognized in
the world reaching users in over 200 countries. IAC is
headquartered in New York City and has offices
worldwide.
About Match Group
Match Group is the world's leading provider of dating products. We
operate a portfolio of over 45 brands, including Match, OkCupid,
Tinder, Meetic, Twoo, Plentyoffish, OurTime, BlackPeopleMeet and
FriendScout24, each designed to increase our users' likelihood of
finding a romantic connection. Through our portfolio of trusted
brands, we provide tailored products to meet the varying
preferences of our users. We currently offer our dating products in
38 languages across more than 190 countries. In addition to our
dating business, we also operate The Princeton Review, which
provides a variety of test preparation, academic tutoring and
college counseling services.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
This press release contains
"forward‑looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. The use of words such as
"anticipates," "expects," "intends," "plans" and "believes," among
others, generally identify forward-looking statements. These
forward-looking statements include statements relating to: future
financial performance, business prospects and strategy, anticipated
trends, prospects in the industries in which our businesses operate
and other similar matters. These forward‑looking statements
are based on management's current expectations and assumptions
about future events, which are inherently subject to uncertainties,
risks and changes in circumstances that are difficult to
predict. Actual results could differ materially from those
contained in these forward‑looking statements for a variety of
reasons, including, among others: changes in senior management at
IAC or its businesses, changes in our relationship with Google,
adverse changes in economic conditions, adverse trends in the
online advertising industry, our ability to convert visitors to our
websites into users, risks relating to acquisitions,
technology changes, our ability to expand successfully into
international markets and regulatory changes. Certain of these and
other risks and uncertainties are discussed in IAC's filings with
the Securities and Exchange Commission ("SEC"). Other unknown or
unpredictable factors that could also adversely affect our
business, financial condition and results of operations may arise
from time to time. In light of these risks and uncertainties, these
forward‑looking statements may not prove to be accurate.
Accordingly, you should not place undue reliance on these
forward‑looking statements, which only reflect the views of our
management as of the date of this press release. We do not
undertake to update these forward-looking statements.
Contact Us
IAC Investor Relations
Mark
Schneider / Alexandra
Caffrey
(212) 314-7400
Corporate Communications
Isabelle Weisman
(212) 314-7361
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SOURCE IAC; Match Group