MatchNet

Online dating provider MatchNet filed with the US Securities and Exchange Commission for an initial public offering of as much as $100m in common stock. The company, which operates Internet dating sites such as AmericanSingles.com, MatchNet.co.uk and JDate.com, 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, said it is seeking a Nasdaq listing but did not propose a symbol. The company filed a preliminary offering document with the SEC with details about the company and its operations, including financial data, which shows its net revenues jumped to $30.9m in the first two quarters from $15.5m the year before. It posted a net loss of $7.1m in the first two quarters in 2003, compared with a net loss of $1.3m in the same period in 2003, according to the document. As of 30 June, 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.

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