Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Tinder owner Match Group starts trading above $13 per share

Barry-Diller-x640x360

 

The Match IPO raised 400 million for the group spun off of IAC/InterActiveCorp, a United States media and Internet giant chaired by former Fox chief executive Barry Diller.

The IPO will also help distinguish Match Group from IAC’s non-dating oriented portfolio companies, such as video website Vimeo and humor website College Humor. Square opened its IPO last night at $9 per share (significantly below its projected range of $11 to $13) and fell billion short of the valuation it held on the private market. Indeed, China’s Alibaba saw its share price slide after a historic IPO and initial excitement on its growth and correspondingly valuation pop-up. In the same period its adjusted EBITDA moved from $271.2 million to $273.4 million, while net profit grew from $126.6 million to $148.4 million.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Read the full story at Ledger Gazette, by Bernice Dunbar

 

Wall Street is smitten with IAC’s online dating sites

The stock was a hot item, pricing at $12 per share and closing up more than 20 percent. Internet dating is a very big business, but the hookup app Tinder is the piece that really has Wall Street excited.

The online dating industry is expected to see growth of 4.2 percent this year to $2.7 billion in revenue, according to IBIS World. That’s respectable, and twice the rate of growth for the general US economy.

Read the full story at New York Post,  by Jonathon M. Trugman

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.