Online dating company Match Group raises $400 million in IPO
Match Group priced its initial public offering at the low end of expectations to raise $400 million, a person familiar with the matter said, valuing the parent of Tinder, OkCupid and other online dating services at around $4.2 billion, including debt.

The company, owned by media mogul Barry Diller's IAC/InterActiveCorp, has developed online dating sites that work well on smartphones, attracting busy young professionals that are highly coveted by advertisers.

Match priced its IPO at $12 per share, within the indicative range of $12 to $14, the person said, asking not to be identified ahead of an official announcement.

A Match Group spokesman did not immediately respond to a request for comment.