Match Group Inc., the online dating giant that owns prominent dating apps like Tinder and OKCupid, has set its sights on raising as much as $466.2 million in its initial public offering, which, if successful, would push the company's value to around the $3 billion mark, according to USA Today.
The company is set to price its IPO of about 33.3 million shares at around $12 to $14 per share, said the company, which will be listed on the Nasdaq under the symbol MTCH.
The company will offer three types of stock: Common Stocks, which entitle stockholders to one vote per share; Class B Common Stocks, which entitle shareholders to 10 votes per share; and Class C Common Stocks, which do not give voting privileges to shareholders, reports Yahoo! News.
Match Group has stated that one of the reasons behind the IPO is to repay the company's debts to IAC/InterActiveCorp. IAC is also set to own all shares of outstanding Class B Stocks, thus maintaining majority control of the company even after the offering.
Match Group is one of the internet's leading providers of dating services, with more than 59 million active users including 4.7 million active paid members across 45 brands in more than 190 countries.
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