BUSINESS INSIDER - July 31 - In June, IAC announced that it would pursue an IPO for less than 20% of common stock of The Match Group which includes Tinder, Match, OKCupid as well as The Princeton Review. Analysts at Bank of America Merrill Lynch valued Tinder at $1.35B. But using the average of peer subscription services, BAML says a bullish scenario could result in Tinder revenue of $250M and a $3B valuation. They estimated a value of $27 per user for the app's 50M users — thus leading to a valuation of $1.35B. However, they added that this estimate is below the $33 per user Facebook paid for Instagram, and the $42 per user they paid for WhatsApp. Analysts at Oppenheimer estimated that Tinder’s US paid user base grew 80% from Q1, while it’s international paid users grew 70%. Tinder could have ~500K paid subscribers.