20 Nov 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