Match group, best known for its popular Tinder online dating app, overcame some late complications to raise US$400m and produce a solid debut on Thursday in an otherwise tough IPO market. The 33.3m-share all-primary deal was comfortably oversubscribed but priced at US$12, the bottom end of the US$12-$14 marketing range. Talk ahead of pricing pointed to a stronger book of demand at the US$11 mark, but Match still managed a solid Nasdaq debut, rising 23% to US$14.74 in its first session. JP Morgan, Allen & Co and Bank of America Merrill Lynch led a 12-firm underwriting syndicate that was notably missing dominant tech underwriters Goldman Sachs and Morgan Stanley.
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