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The company behind Tinder and OkCupid just filed to go public

The company behind Tinder and OkCupid just filed to go public


Its biggest risks: Facebook and cyberattacks

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Match Group, the company behind more than 45 online dating brands including Tinder, OkCupid, and, filed for an initial public offering of its stock today. Match is owned by IAC, the conglomerate run by billionaire media mogul Barry Diller, and counts 59 million monthly active users and 4.7 million paying users across its dating network.

In 2014, Match Group had sales of nearly $900 million and earned $240 million in profit. IAC announced in June that it intended to take Match Group public with an offering of less than 20 percent of the company in common stock, ensuring that IAC retains majority ownership.

Match Group counts 4.7 million paying users across more than 45 services

The company's filing with the Securities and Exchange Commission doesn't offer much detail on Tinder, one of Match's fastest-growing dating services, save for one section of the S-1 filing detailing how Facebook could essentially break the app by altering the terms and conditions for connecting with the social network. "Facebook has broad discretion to change its terms and conditions applicable to the use of its platform in this manner and to interpret its terms and conditions in ways that could limit, eliminate or otherwise interfere with our ability to use Facebook in this manner and if Facebook did so, our business, financial condition and results of operations could be adversely affected," the filing reads.

Also in the risk factors section of the filing, Match admits it cannot protect itself wholly from the threat of cyberattacks on its systems or on a partner's system. The section is ostensibly referencing the hack of cheating site Ashley Madison, which crippled the service, forced its CEO's resignation, and resulted in multiple lawsuits.

We are frequently under attack by perpetrators of random or targeted malicious technology-related events, such as cyber attacks, computer viruses, worms or other destructive or disruptive software or distributed denial of service attacks. While we have invested heavily in the protection of our systems and infrastructures and in related training, there can be no assurance that our efforts will prevent significant breaches in our systems or other such events from occurring. Any cyber or similar attack we are unable to protect ourselves against could damage our systems and infrastructure, prevent us from providing our products, erode our reputation and brands and/or be costly to remedy.

The impact of cyber security events experienced by third parties with whom we do business (or upon whom we otherwise rely in connection with our day-to day operations) could have a similar effect on us. Moreover, even cyber or similar attacks that do not directly affect us or third parties with whom we do.

Match filed to be listed under the Nasdaq listing MTCH with an offering amount of $100 million, but that figure is a placeholder and it may change in the future.