Dallas Based Match Group Debuts on NASDAQ as MTCH, Raises $400 Million

Match Group, Inc. (NASDAQ: MTCH) debuted yesterday at $13.50 per share. It was up 20% by noon local time. Match Group, Inc. is the world’s leading provider of dating products with a portfolio of more than 45 brands including Match.com, OkCupid, Tinder, OurTime, and BlackPeopleMeet. A unit of billionaire Barry Diller’s IAC/InterActiveCorp, Match Group’s global headquarters are located in Dallas, Texas.

This is the most recent feature in a growing list of local exits. Recently, AstraZeneca acquired Coppell, TX, based ZS Pharma for $2.7 billion. In 2013 IBM acquired Dallas, TX, based SoftLayer for $2 billion.

While these stories don’t appear to be related to the seed and early stage startup community, it’s important to remember that at one point, they were just a few people with a great idea.

A major strength of our region is the historical success it’s seen in entrepreneurship – from two founders in a garage to multi-billion dollar exits. If you’re shopping the world for a place to start or grow your company, make sure you spend time getting to know Dallas/Fort Worth. It’s what we do.

Original at Bloomberg Business

Photo credit: Zachery Cunningham

Michael Sitarzewski

Michael Sitarzewski is the Publisher of Launch DFW, co-founder and CEO of Epic Playground, Inc., makers of inboundgeo. He is a veteran entrepreneur (and a TechStars Cloud alum) with a specific focus on Web-based software and services. Sitarzewski has been a part of the internet startup culture since 1994 and has had two exits along the way. After a seven years in the Boulder, Colorado startup community, Michael returned to Dallas, Texas, in 2013 where he’s focused on growing and increasing the visibility of the burgeoning Dallas startup community. He is the EIR at The DEC, a mentor in the RevTech accelerator, and leads several events in the Dallas area. Sitarzewski considers helping people understand and leverage technology his life's work.