CORRECT: IAC/InterActiveCorp confirms it will pursue IPO of Match Group
IAC/InterActiveCorp confirmed that it will pursue an initial public offering of its Match Group, which includes online dating sites Match.com, OKCupid and Tinder. The group also includes The Princeton Review and DailyBurn. IAC said Match will issue less than 20% of its common stock in the IPO, which is expected to be completed during the fourth quarter. "I've long felt that as entities grow into size and maturity it's healthy to give them separation and independence from a mother church," said Chairman Barry Diller. Separately, IAC said Chief Financial Officer Jeff Kip is resigning to spend more time with his family and pursue other interests. The stock ran up 8.2% in premarket trade, putting it on course to open at an all-time high.
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