NEW YORK, Nov. 18, 2015 /PRNewswire/
-- IAC/InterActiveCorp ("IAC") and Match Group, Inc. ("Match
Group"), a wholly-owned subsidiary of IAC, announced today the
pricing of Match Group's initial public offering ("IPO") of
33,333,333 shares of its common stock at a price to the public of
$12.00 per share. In addition, Match
Group has granted underwriters a 30-day option to purchase an
additional 5,000,000 shares at the initial public offering price,
less underwriting discounts and commissions. The shares are
expected to begin trading on November 19,
2015 on the NASDAQ Global Select Stock Market under the
ticker symbol "MTCH."
The offering is expected to close on or about November 24, 2015, subject to customary closing
conditions.
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 is being made only by means of a prospectus. A
copy of the final 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, and declared effective by, the U.S. Securities and
Exchange Commission. 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, 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: the
completion and timing of the offering, 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: risks and uncertainties related
to the capital markets, 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