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IAC/InterActiveCorp: Match Group Announces Pricing Of Initial Public Offering

The following excerpt is from the company's SEC filing.

NEW YORK, Nov. 18, 2015 IAC/InterActiveCorp (IAC) and Match Group, Inc. (Match Group), a wholly-owned subsidiary of IAC, announced today the pricing of Match Groups initial public offering (IPO) of 33,333,333 shares of its common stock at a price to the public of $12.00 per share. In addition, Match Group has granted underwriters a 30-day option to purchase an additional 5,000,000 shares at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on November 19, 2015 on the NASDAQ Global Select Stock Market under the ticker symbol MTCH.

The offering is expected to close on or about November 24, 2015, subject to customary closing conditions.

J.P. Morgan Securities LLC, Allen & Company LLC and BofA Merrill Lynch are acting as the lead bookrunning managers, and Deutsche Bank Securities, BMO Capital Markets, Barclays and BNP PARIBAS are acting as bookrunners for the offering.

This offering is being made only by means of a prospectus. A copy of the final prospectus may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, from Allen & Company LLC, Attention: Syndicate Department, 711 Fifth Avenue, New York, NY 10022, or by telephone at (212) 339-2220 or from BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, or by e-mailing: dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the...


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