NEW YORK and DALLAS, Nov. 24,
2015 /PRNewswire/ -- IAC/InterActiveCorp ("IAC") and
Match Group, Inc. ("Match Group") announced today the closing of
Match Group's previously announced initial public offering ("IPO")
of 38,333,333 shares of its common stock at a price to the public
of $12.00 per share. The shares began
trading November 19, 2015 on the
NASDAQ Global Select Market under the ticker symbol "MTCH."
The offering of 38,333,333 shares of Match Group common stock
included 5,000,000 shares of common stock that were sold pursuant
to the underwriters' option to purchase additional shares, which
was exercised in full prior to the closing.
Following the completion of the initial public offering, IAC
owns 100% of the outstanding Class B common stock of Match Group
and retains approximately 84.6% of Match Group's outstanding shares
of capital stock and approximately 98.2% of the combined voting
power of Match Group's outstanding capital stock.
J.P. Morgan Securities LLC, Allen & Company LLC and BofA
Merrill Lynch acted as the lead bookrunning managers, and Deutsche
Bank Securities, BMO Capital Markets, Barclays and BNP PARIBAS
acted as bookrunners for the offering.
This offering was 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 (NASDAQ: MTCH) 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.
Contact Us
Investor Relations
Mark
Schneider / Alexandra
Caffrey
(212) 314-7400
Corporate Communications
Isabelle Weisman
(212) 314-7361
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SOURCE IAC and Match Group