Tinder owner Match Group confirms Nasdaq float

Match Group, the owner of online-dating sites Tinder, Match and OkCupid, plans to raise about $403.7 million in an initial public offering.

Match Group said in its IPO prospectus that it is the world’s leading provider of dating products, with a portfolio of more than 45 brands that include Match.com, OkCupid and Tinder.

Match Group Inc. disclosed in a regulatory filing Monday that it will price its IPO of about 33.3 million shares between $12 and $14 per share.

The dating-site company will have three classes of stock.

The Texas-based spinoff will offer a bit less than 16 percent of its shares, with an option to sell five million more depending on demand.

Match Group will be listed on the NASDAQ under the symbol MTCH. It has 59 million monthly active users, including 4.7 million paid members. The common stock will have one vote per share.

Match earlier this year announced a deal to buy Canadian online dating service PlentyOfFish Media for $575 million. Class B shares will retain 10 votes and Class C shares will have no votes.

IAC/InterActiveCorp the parent company controlled by Barry Diller the billionaire will own all of the class B outstanding shares. It will maintain majority control of the company after the offering. IAC/InterAcrtiveCorp also owns Web properties like Vimeo, HomeAdvisor, About.com and CollegeHumor.

Match said it intends to use the IPO proceeds to pay down debt owed to IAC.