Match Group IPO: Shares surge 12pc on stock market debut after Tinder chief Sean Rad's comments

 
Lynsey Barber
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TechCrunch Disrupt NY 2015 - Day 2
Sean Rad rained on Match's parade with Tinder comments (Source: Getty)

Match Group, the owner of dating app du jour Tinder, match.com and OK Cupid, has made its stock market debut, with shares rising as much as 12.5 per cent.

Priced at $12 yesterday - the low end of expectation - shares hit $13.50 in early trading, falling short of high end pricing expectations of $14 per share.

Brushing off talks of a tech bubble, as did Square earlier, it appears it's also moved on from chief executive Sean Rad's faux pas. The company was forced to clarify statements made in an interview which were published during the "quiet period" before today's IPO.

The IPO didn't quite live up to Square's, which came on the same day. Twitter chief Jack Dorsey's payment startup rocketed as much as 50 per cent, calming worries of a tech bubble, for now.

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