FROM THE WEB: What Match Group’s IPO Means For The Online Dating Sector
Earlier this week, The Match Group announced its plans for its upcoming IPO, revealing it hopes to raise as much as $537m in the next three weeks.
The company will be selling a total of 33.3m shares at $12 to $14, and giving underwriters 30 days to buy an additional 5 million shares.
Match Group also hopes to secure a $3.4bn valuation – a highly encouraging figure that reflects the strong growth of the international online dating sector over the past few years.
In a post on RealBusiness, founder and CEO of dating company Venntro Media Group, Ross Williams explains exactly what this highly-anticipated IPO means for other online dating businesses.
The article particularly looks at how dating companies can grow and adapt to new markets, whilst staying relevant as the mobile app sector continues to develop.
Williams says that the confident goals Match Group has set for its public offering show a “sign of a growing confidence in the online dating sector, with analysts predicting a boom in positive financial growth in years to come.”
He describes this as an “exciting” time for the dating industry, as companies look to the actions of their peers for inspiration for innovating and growing their own business.
Read the full article here.
