SNAP Interactive Prepares to Float on Stock Market

SNAP Interactive, owner of AYI.com, has announced today they are preparing to float on the stock market. 

The social dating developer has filed for IPO with the SEC today with a proposed public offering of up to $4,000,000 of its common stock and warrants.

SNAP Interactive Inc., owns AreYouInterested.com, a Facebook-linked social dating tool which has 70m installed users and 1m daily visits. 

SNAP’s revenue has grown from $425,000 to $19.2m in the past five years, generating $19.25m in 2012.

This year, AYI.com has had huge success since launching a friend of a friend feature in March – making 2m connections in just two months.

SNAP was ranked the 36th Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500 list.

Roth Capital Partners is acting as sole manager for the offering, for which the number of shares and public offering price have not yet been determined.