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Dating Site Jiayuan Files for IPO of Up to $100m

Dating Site Jiayuan Files for IPO of Up to $100m

Write: Eliska [2011-05-20]

Dating site Jiayuan.com International has now filed for an initial public offering, the latest in a series of Chinese social networking companies to apply for a U.S. listing.

The website targets single adults living in cites, and has a stated goal of spurring relationships that end in marriage.

Jiayuan claims it operates the largest online dating platform in China, with more than 40 million registered users as of the end of March.

Underwriters for the IPO are being led by Bank of America Merrill Lynch and Citibank.

If successful, the company's shares are expected to trade on the Nasdaq under the symbol "DATE".