Would you invest in love?

 

Love is finally going to be available on the public market.

The Match Group filed for an IPO Friday, applying to be listed on the Nasdaq under the ticker "MTCH."

The S-1 filing says there are over 45 sites in Match's portfolio, including Match itself, OkCupid and Tinder, along with less well-known sites like Our-Time and BlackPeopleMeet. All, of course, are geared toward fulfilling a mission to "increase romantic connectivity worldwide."

The Match Group has been a part of IAC/Interactive (IACI), the conglomerate run by media mogul Barry Diller. The Match Group had 4.7 million paying subscribers worldwide at the end of the third quarter. It reported revenue of nearly $900 million in 2014 and net earnings of $148 million.

In its filing, Match Group said it would consolidate the roles of CEO and chairman by the end of 2015, which are currently held by Greg Blatt and Sam Yagan. Blatt will take over both roles and Yagan, who cofounded OkCupid which was later acquired by Match, "is expected to continue to serve in a senior leadership position."

IAC also owns many other popular websites and apps -- including Vimeo, The Daily Beast, About.com and search engine Ask -- which many still remember as the old Ask Jeeves. IAC has sold off pieces of other units to the public before, including Expedia (EXPE), TripAdvisor (TRIP), HSN (HSNI) and Live Nation (LYV).

 

 

 

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