JDate.com Going Public - $100 Million IPO > - GoFuckYourself.com

KRL · 08-04-2004, 05:06 PM

WASHINGTON - MatchNet Inc., which operates Internet dating sites AmericanSingles.com and JDate.com, filed with U.S. securities regulators for an initial public stock offering.

The online dating provider filed a preliminary offering document with the U.S. Securities and Exchange Commission to raise as much as $100 million in common stock but did not say how many shares it plans to offer, or determine a share price, as those details are usually disclosed later.

MatchNet, whose global depositary shares are traded on the Frankfurt Stock Exchange (MHNTq.DE) , said it is seeking a Nasdaq listing but did not propose a symbol.

The IPO document provides details about the company and its operations, including financial data, which shows its net revenue jumped to $30.9 million in the first two quarters from $15.5 million the year before.

It posted a net loss of $7.1 million in the first two quarters in 2003, compared with a net loss of $1.3 million in the same period in 2003, according to the document.

JPMorgan, with the assistance of Piper Jaffray, CIBC World Markets and Pacific Crest Securities, will underwrite the offering.

Subscribers of the AmericanSingles site pay a $24.95 monthly fee, and the monthly cost to use JDate, which targets Jewish singles, is $34.95. Users are offered discounts for longer-term subscriptions, the company said.

In the first six months, the company said it averaged about 5.3 million unique monthly online visitors, which according to an online rating study ranked MatchNet as the second largest online personals provider among Internet users in the United States.

MatchNet, which started operations in September 1998, said as of June 30, it had about 9.8 million active members, who have posted a personal profile or who have logged at least once in the last year.

It said it expects rebranding, promotions, personnel hiring and expanding operations, including launching new Web sites, to increase its operating expenses over the next several years.

The company said it intends to use the proceeds from the IPO for marketing and general corporate purposes, including working capital and capital spending.

"We may also use a portion of the net proceeds to fund possible investments in, or acquisitions of, complementary businesses, products or technologies or to establish joint ventures," MatchNet said.

It said it will not receive any proceeds from the sale of shares by stockholders.

Nice numbers!!

Fletch XXX · 08-04-2004, 05:07 PM

why is the jew date site more?

fr8 · 08-04-2004, 05:09 PM

Quote:

Originally posted by Fletch XXX
why is the jew date site more?

They must think they have more money than the norm.

Fletch XXX · 08-04-2004, 05:10 PM

Quote:

Originally posted by fr8
They must think they have more money than the norm.

my jewish friend is one of the most broke guys i know.

in fact, i feed the guy 3 times a week when he comes over

KRL · 08-04-2004, 05:12 PM

Quote:

Originally posted by Fletch XXX
why is the jew date site more?

Jews have the highest income of any demographic group.

Fletch XXX · 08-04-2004, 05:13 PM

Quote:

Originally posted by KRL
Jews have the highest income of any demographic group.

and you dont see this as anything but marketing?

I bet the ADL would get all "Al Sharpton-like" on this shit

Theo · 08-04-2004, 05:13 PM

oracle porn drops their average by far

KRL · 08-04-2004, 05:14 PM

Quote:

Originally posted by Fletch XXX
my jewish friend is one of the most broke guys i know.

in fact, i feed the guy 3 times a week when he comes over

I've only met one broke Jew in my life. My college dorm roommate.

Manny Katz. Smart as fuck intellectually, but the first Jew I've seen that had no money skills whatsoever.

Fletch XXX · 08-04-2004, 05:14 PM

cool, now i know to charge more on my upcoming jewish sites i have in the works.

Fletch XXX · 08-04-2004, 05:16 PM

Quote:

Originally posted by KRL
I've only met one broke Jew in my life. My college dorm roommate.

Manny Katz. Smart as fuck intellectually, but the first Jew I've seen that had no money skills whatsoever.

my jewish buddy is a very close friend.

he is in the music industry, drives a shitty car, barely makes it, but has the best music gear. hahah

money skills?

i buy 10 packs of ramen for when he comes over, he likes the cup a soup too

EviLGuY · 08-04-2004, 05:18 PM

Quote:

Originally posted by Fletch XXX
why is the jew date site more?

The extra 10 dollars is so they can filter out the non-jews.

Fletch XXX · 08-04-2004, 05:19 PM

Quote:

Originally posted by EviLGuY
The extra 10 dollars is so they can filter out the non-jews.

best one so far

we all know this is jewish owned.

the ONLY people who can overcharge jews are other jews

KRL · 08-04-2004, 05:26 PM

Quote:

Originally posted by Fletch XXX
best one so far

we all know this is jewish owned.

the ONLY people who can overcharge jews are other jews

dirtysouth · 08-04-2004, 05:34 PM

VirtuaMike has a killer jewish site.

slavdogg · 08-04-2004, 05:34 PM

Quote:

Originally posted by Fletch XXX

the ONLY people who can overcharge jews are other jews

hahaha

KRL · 08-04-2004, 05:45 PM

Quote:

Originally posted by dirtysouth
VirtuaMike has a killer jewish site.

CherryHillGirls.com?

BRISK · 08-04-2004, 05:50 PM

I'd say the extra $10 for the Jewish site is because there is more value in a site that is so well defined. People would be willing to pay more to join a Jew only site if that is something that they're looking for. You might pay an extra $10, but you would get access to your target market (Jews, Jews, and only Jews).

BlueDesignStudios · 08-04-2004, 05:59 PM

how do they stop non-jews from signing up? LOL

KRL · 08-04-2004, 06:07 PM

Quote:

Originally posted by BlueDesignStudios
how do they stop non-jews from signing up? LOL

You got to have your yarmulke on in all the pics.
And that includes any pet pics too.

Juicy D. Links · 08-04-2004, 06:08 PM

I am signing up

sumphatpimp · 08-04-2004, 06:13 PM

Quote:

Originally posted by Fletch XXX
why is the jew date site more?

conversion rate is less for Jews.
So you got to pay more.

And theirs less of them than Gentiles too.

Noobs!

Jer · 08-04-2004, 06:20 PM

Quote:

Originally posted by EviLGuY
The extra 10 dollars is so they can filter out the non-jews.

Quote:

Originally posted by Fletch XXX
the ONLY people who can overcharge jews are other jews

Chache · 08-05-2004, 12:56 AM

JEWS ROCKK

woj · 08-05-2004, 01:46 AM

Quote:

Originally posted by Fletch XXX
best one so far

we all know this is jewish owned.

the ONLY people who can overcharge jews are other jews

Varius · 08-05-2004, 02:52 AM

Unless I'm reading something wrong, didn;t you say they posted a net LOSS of 7.1 million dollars in two quarters??

Seems them Jews don't know what the fuck they're doing when it comes to online dating

johndoebob · 08-05-2004, 02:54 AM

Quote:

why is the jew date site more?

Because good jews don't marry or date non jews and most have a good amount of money.

iwantu · 08-05-2004, 02:04 PM

Interesting!

Adult Dating seems to be the only profitable dating business model in the industry. The only way you can make mainstream dating profitable is my taking it public (like Jdate is doing, and like many others did).

I wonder if we could take IwantU.com public! hehe

pornstar2pac · 08-05-2004, 02:17 PM

Quote:

Originally posted by Fletch XXX
my jewish friend is one of the most broke guys i know.

in fact, i feed the guy 3 times a week when he comes over

that's the first time I've heard of that

Doctor Dre · 08-05-2004, 03:01 PM

Quote:

Originally posted by Soul_Rebel
oracle porn drops their average by far

Oracle bashing cracks me up

08-04-2004, 05:06 PM	#1
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	JDate.com Going Public - $100 Million IPO > WASHINGTON - MatchNet Inc., which operates Internet dating sites AmericanSingles.com and JDate.com, filed with U.S. securities regulators for an initial public stock offering. The online dating provider filed a preliminary offering document with the U.S. Securities and Exchange Commission to raise as much as $100 million in common stock but did not say how many shares it plans to offer, or determine a share price, as those details are usually disclosed later. MatchNet, whose global depositary shares are traded on the Frankfurt Stock Exchange (MHNTq.DE) , said it is seeking a Nasdaq listing but did not propose a symbol. The IPO document provides details about the company and its operations, including financial data, which shows its net revenue jumped to $30.9 million in the first two quarters from $15.5 million the year before. It posted a net loss of $7.1 million in the first two quarters in 2003, compared with a net loss of $1.3 million in the same period in 2003, according to the document. JPMorgan, with the assistance of Piper Jaffray, CIBC World Markets and Pacific Crest Securities, will underwrite the offering. Subscribers of the AmericanSingles site pay a $24.95 monthly fee, and the monthly cost to use JDate, which targets Jewish singles, is $34.95. Users are offered discounts for longer-term subscriptions, the company said. In the first six months, the company said it averaged about 5.3 million unique monthly online visitors, which according to an online rating study ranked MatchNet as the second largest online personals provider among Internet users in the United States. MatchNet, which started operations in September 1998, said as of June 30, it had about 9.8 million active members, who have posted a personal profile or who have logged at least once in the last year. It said it expects rebranding, promotions, personnel hiring and expanding operations, including launching new Web sites, to increase its operating expenses over the next several years. The company said it intends to use the proceeds from the IPO for marketing and general corporate purposes, including working capital and capital spending. "We may also use a portion of the net proceeds to fund possible investments in, or acquisitions of, complementary businesses, products or technologies or to establish joint ventures," MatchNet said. It said it will not receive any proceeds from the sale of shares by stockholders. Nice numbers!! __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

08-04-2004, 05:07 PM	#2
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	why is the jew date site more? __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

08-04-2004, 05:14 PM	#9
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	cool, now i know to charge more on my upcoming jewish sites i have in the works. __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

08-04-2004, 05:34 PM	#14
dirtysouth Confirmed User Join Date: Jul 2003 Location: Mobtown Posts: 2,613	VirtuaMike has a killer jewish site. __________________ no sig

08-04-2004, 05:50 PM	#17
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	I'd say the extra $10 for the Jewish site is because there is more value in a site that is so well defined. People would be willing to pay more to join a Jew only site if that is something that they're looking for. You might pay an extra $10, but you would get access to your target market (Jews, Jews, and only Jews). __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

08-04-2004, 05:13 PM	#7
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	oracle porn drops their average by far

08-04-2004, 05:59 PM	#18
BlueDesignStudios Confirmed User Industry Role: Join Date: Feb 2003 Location: Australia Posts: 9,492	how do they stop non-jews from signing up? LOL __________________ Blue Design Studios - Adult Design Specialists! Email me for a free quote: [email protected]

08-04-2004, 06:08 PM	#20
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	I am signing up

08-05-2004, 12:56 AM	#23
Chache Registered User Join Date: Jul 2003 Posts: 95	JEWS ROCKK

08-05-2004, 02:52 AM	#25
Varius Confirmed User Industry Role: Join Date: Jun 2004 Location: New York, NY Posts: 6,890	Unless I'm reading something wrong, didn;t you say they posted a net LOSS of 7.1 million dollars in two quarters?? Seems them Jews don't know what the fuck they're doing when it comes to online dating __________________ Skype variuscr - Email varius AT gmail

08-05-2004, 02:04 PM	#27
iwantu Confirmed User Join Date: Aug 2004 Location: IwantU.com Posts: 570	Interesting! Adult Dating seems to be the only profitable dating business model in the industry. The only way you can make mainstream dating profitable is my taking it public (like Jdate is doing, and like many others did). I wonder if we could take IwantU.com public! hehe __________________ $100 PPS Promotion -------- Michael M ICQ: 551-376 http://affiliate.IwantU.com Our members get laid, our affiliates get paid