Anthony Hughes is senior reporter, equities, for IFR where he covers developments in US equity capital markets. He previously worked as a financial reporter and columnist for the Australian Financial Review and, prior to that, as investment editor at the Sydney Morning Herald.
Match Group, best known for its popular Tinder online dating app, overcame some late complications to raise US$400m and produce a solid debut on Thursday in an otherwise tough IPO market.
Fast-growing electronic payments company Square was forced last week to accept a deep IPO discount as investors refused to pay up for one of Silicon Valley’s leading “unicorns”. But its pain was eased as the stock surged in its first day of trading.
Match Group, the IAC/Interactive dating subsidiary that operates Tinder, Match.com and OKCupid, plans to price a US$466.7m IPO this Wednesday, November 18, after setting terms early last week.