Match Group Announces Pricing of Initial Public Offering

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Needham & Company Raises PT for IAC (IACI) on Sum of the Parts

November 20, 2015 8:26 AM EST

Needham & Company analyst, Kerry Rice, raised his IAC/InterActiveCorp (NASDAQ: IACI) price target to $78 (from $76) on higher HomeAdvisor and Vimeo valuations that better reflect their public comps. Based on his analysis, he believes, there is minimal downside to IAC's shares at current levels.

The impact from the Match Group IPO is modest; therefore, their previous valuation is... More

Match Group (MTCH) IPO Prices at $12, Low End of Range

November 19, 2015 6:26 AM EST

Match Group (NASDAQ: MTCH) announced the pricing of Match Group's initial public offering of 33,333,333 shares of its common stock at a price to the public of $12.00 per share, the low end of the expected $12-$14 range. In addition, Match Group has granted underwriters a 30-day option to purchase an additional 5,000,000... More