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.


:thumbsup Nice numbers!! :winkwink:

why is the jew date site more?

:1orglaugh :1orglaugh

They must think they have more money than the norm.:2 cents:

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

:1orglaugh

Jews have the highest income of any demographic group.

:glugglug

and you dont see this as anything but marketing?

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

:1orglaugh

oracle porn drops their average by far

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.

:1orglaugh :1orglaugh :1orglaugh

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

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

:thumbsup

The extra 10 dollars is so they can filter out the non-jews. :1orglaugh

best one so far

:1orglaugh

we all know this is jewish owned.

the ONLY people who can overcharge jews are other jews

:winkwink:

:1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh

VirtuaMike has a killer jewish site. :glugglug :1orglaugh

hahaha

CherryHillGirls.com?

:1orglaugh :1orglaugh :1orglaugh

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).

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.

http://www.comfo.ca/us/jap/yarmulke.jpg


:1orglaugh :1orglaugh

I am signing up

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

And theirs less of them than Gentiles too.

Noobs!

:1orglaugh

:1orglaugh :1orglaugh :1orglaugh

JEWS ROCKK

:1orglaugh

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 :glugglug

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

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

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

:1orglaugh :1orglaugh

Oracle bashing cracks me up