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I won’t tell the public market we met on a dating appINTL

I won’t tell the public market we met on a dating app

ParshipMeet is updating its relationship status from private to public as it gets ready for an IPO come next year. The dating apps group based out of Germany, and founded just last year, comprises subsidiaries like The Meet Group, Parship, and eharmony.

A market multiple of 35x its earnings of $120-140m could see the company valued at $4.1b. While competitors like Bumble (BMBL) and Match Group’s (MTCH) Tinder hold higher market shares, ParshipMeet’s subsidiaries like eHarmony have still formed a niche in the dating market, with it reaching 29 million users (higher than Match.com and Hinge).

why it matters

As dating stocks like Bumble and Match Group are currently trading at lower prices than at the start of the year (22% and 8% respectively), ParshipMeet might push the deal into mid to late 2022 when the dating market returns with economies more fully reopening.