OCTA FINANCE - Mar 8 - An investor who purchased Match Group shares filed a lawsuit in Texas against the company over alleged Securities Laws violations in connection with the IPO. Last November Match Group conducted its IPO, selling ~33M shares at $12/share. The shares reached as high as $15 on Nov 20, 2015. On Feb 2, 2016, Match disclosed that its Q4 net income declined from $48.27M in Q4 2014 to $35.59M in Q4 2015. Shares declined to as low as $8.75/share on Feb 4, 2016.
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Summarized by the Courtland Brooks team
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