Wall Street Feeling the Chemistry With Match

The online dating company is raising almost $400 million by selling shares to the public for the first time.

Mid cap media and Internet stock IAC/InterActiveCorp (NASDAQ: IACI) has finally spun off small cap dating site stock Match Group Inc (NASDAQ: MTCH) in an IPO - meaning its worth taking a closer look at the stock along with the performance of other small cap dating site stocks Spark Networks Inc (NYSEMKT: LOV) and Jiayuan.com global Ltd (NASDAQ: DATE).

Gaskins said shares of both Square and Match Group had risen as their offerings had been priced low.

But this price has risen by 44% since opening, reaching $US12.9. The company earned $85 million in the first three quarters of 2015 and its revenue rose 16% thanks to a rise in paid customers.

Payment processor Square Inc. raised $243 million in its initial public offering, pricing the shares below the marketed range.

BharatMatrimony's area of operation is somewhat similar to that of dating apps such as Tinder, Match and OkCupid.

Square's stock rocketed above its initial public offering price by 45 percent on Thursday, capping one of the most closely watched debuts of a tech stock this year.

Match Group's weak IPO is just another sign that investor trust in tech companies has been falling across the board. In September, Tinder users wiped through a stunning 1.4 billion user profiles - each day. Match Group acquired its popular rival Meetic in Europe and, eventually, the Tinder app.

As the company warns in its offering prospectus, "It is possible that a new product could gain rapid scale at the expense of existing brands through harnessing a new technology or distribution channel, creating a new approach to connecting people or a few other means".

Match Group, which owns Tinder, is set to begin its relationship with Wall Street on Thursday, but its plans were complicated Wednesday night due to a story on the British Evening Standard. In total, Match owns 45 matchmaking sites, which have drawn in 59 million active users worldwide, including 4.7 million premium members who pay for access to extended services.