Match Group Expects To Price IPO In $12.00 - $14.00 Per Share Range

(RTTNews) - IAC/InterActiveCorp (IACI) announced that Match Group, Inc., a wholly-owned subsidiary of IAC, has launched a roadshow for its initial public offering .The IPO price is currently expected to be between $12.00 and $14.00 per share.

Match Group is offering 33.3 million shares of its common stock in the IPO. The underwriters will have a 30-day option to buy an additional 5 million shares at the IPO price, less underwriting discounts and commissions.

Match Group currently intends to use all of the net proceeds of the offering to repay related-party indebtedness owed to IAC.

Match Group has applied to have its shares of common stock approved for listing on the NASDAQ Global Select Stock Market under the ticker symbol "MTCH."

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.