Match Group, the dating site division of IAC/Interactive Corp—and the force behind Tinder, Match.com, OurTime, and OkCupid—is preparing for an initial public offering.
In a filing with the SEC, the company laid out its plan to sell shares, while noting that it is not striking off on its own entirely. Match Group will remain controlled by Barry Diller’s IAC/Interactive Corp, which will retain a majority of voting rights thanks to a multiple-class share system.
The company, which will trade under the ticker “MTCH,” saw net earnings rise 17.2% last year, to $148.4 million. Annual revenue rose 10.6% to $888 million.
The filing noted some of the risks the company faces, including a proliferation of competing dating sites in recent years. There’s also what some see as a fundamental flaw in the business model for dating sites: The better these sites are at matching people, the less likely customers will be to return to use their services again.