Web: The company behind Tinder and OkCupid just filed to go public

October 2015 by: From The Web

In 2014, Match Group had sales of nearly $900 million and earned $240 million in profit. IAC announced in June that it intended to take Match Group public with an offering of less than 20 percent of the company in common stock, ensuring that IAC retains majority ownership.

The company's filing with the Securities and Exchange Commission doesn't offer much detail on Tinder, one of Match's fastest-growing dating services, save for one section of the S-1 filing detailing how Facebook could essentially break the app by altering the terms and conditions for connecting with the social network. "Facebook has broad discretion to change its terms and conditions applicable to the use of its platform in this manner and to interpret its terms and conditions in ways that could limit, eliminate or otherwise interfere with our ability to use Facebook in this manner and if Facebook did so, our business, financial condition and results of operations could be adversely affected," the filing reads.


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