fit group Inc. filed for an initial public providing Friday, in the hunt for to sell at the least $ 100 million value of shares. the corporate at the back of a couple of relationship web sites, together with Tinder, OKCupid, and fit, mentioned it had four.7 million paid individuals and about 59 million month-to-month lively users on its relationship products on the finish of September. Its goal market “includes all adults in North the united states, Western Europe and different select nations around the world who usually are not in a committed relationship and who have get entry to to the internet,” which the Dallas-based totally firm estimated at about 511 million individuals. “the market for courting merchandise is fragmented, and no single product has been able to successfully serve the dating category as a whole,” it stated. the company plans to alternate on the Nasdaq inventory change beneath the logo MTCH. Underwriters include J. P. Morgan and bank of america Merrill Lynch. healthy team is a subsidiary of InterActive Corp. IACI, +0.eighty five% the company’s revenue hit $ 484 million in the six months led to June. It earned $ forty nine.three million between January and June, in comparison with $ forty eight.9 million in the same length a year in the past.
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