Tinder parent company floats on stock market to win over investors
The parent company of dating app Tinder, Match Group, is to become a public business after floating on the stock market as it seeks a cash injection.
The company’s Initial Public Offering (IPO) on Nasdaq comes after Match Group’s revenue jumped 19 per cent to $254.7m in the second quarter ending in June.
According to City AM Barclays analyst Chris Merwin previously told Reuters that Match Group is worth $5.7bn (£3.62bn), with Tinder alone worth an estimated $2bn.
Match Group first announced its intention to float the dating arm of its business in June.
Source: The Drum
