Dating Company Match Makes a Good First Impression With Investors

Online dating company Match Group (MTCH) made its debut on the Nasdaq Thursday under the ticker MTCH. Shares for the IPO opened higher at $13.50. They were initially priced at $12, giving the company a valuation of around $2.9 billion. The parent company of dating services such as Tinder and OKCupid was left red faced yesterday after an embarrassing interview with Tinder CEO Sean Rad vastly overestimated the dating apps user numbers. Match issued a filing on Wednesday saying Rad's lewd comments were not 'endorsed or condoned' by the parent company. Active users across the Match companies have increased to almost 60 million, with Tinder driving much of the growth. Match has earned around $85 million so far this year, thanks to an increase in advertising and paid subscribers.