IAC/InterActiveCorp and Match Group, Inc. said that the underwriters in Match Group´s initial public offering have exercised in full the option to purchase 5,000,000 shares of Match Group´s common stock at the initial public offering price of USD12.00 per share less underwriting discounts.
With the exercise of this option, the total offering will consist of 38,333,333 shares of Match Group´s common stock and gross proceeds to Match Group of USD460.0 million. The shares began trading November 19, 2015 on the NASDAQ Global Select Market under the ticker symbol “MTCH.” The offering is expected to close on November 24, 2015.
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.
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.