Match Group (MTCH) Stock Soars After IPO Debut

Match Group (MTCH) stock is climbing in midday trading on Friday, after the company's initial public offering debut.
By Amanda Albright ,

NEW YORK (TheStreet) -- Match Group (MTCH) - Get Reportstock is popping 8.07% to $15.93 in midday trading on Friday, just a day after the Internet company's initial public offering.

Based in Dallas, Match Group is known for its online dating products, including Tinder and OkCupid.

The U.S. dating services market is worth about $2 billion a year, according to the research firm IBIS World.

Match Group has about 2.39 million subscribers in North America and operates in 25 different countries, according to the company. 

So far, 3.89 million shares of the company have traded. 

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