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NEW YORK, March 28, 2016 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Match Group, Inc. (“Match Group” or the “Company”) (NASDAQ:MTCH) pursuant or traceable to the Company’s Registration Statement and Prospectus issued in connection with the Company’s IPO on or about November 18, 2015.
You are hereby notified that a securities class action has been commenced in the USDC for the Northern District of Texas. If you purchased or otherwise acquired Match Group securities pursuant to the Registration Statement and Prospectus, your rights may be affected by this action. To get more information go to: http://zlk.9nl.com/match-group-mtch.
On November 19, 2015, Match Group sold 33,333,333 shares at $12.00 per share as part of its Initial Public Offering. Then on February 2, 2016, Match Group revealed to investors a decline in total user growth and per-user revenue, and the cannibalization of users and revenues across competing platforms. They also revealed that the Company’s net income has consistently fallen and that there had been a decline in revenue in their Princeton Review segment.
If you suffered a loss in Match Group and would like additional information, contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/match-group-mtch.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
