The Match dating application is displayed on an Apple iPhone in an arranged photo.
Andrew Harrer | Bloomberg | Getty Images
Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500.
Starting Sept. 20, the online dating company will replace Perrigo Company, which is expected to join the S&P MidCap 400, S&P Dow Jones Indices announced in a release Friday.
Dallas-based Match Group owns several dating companies in addition to Match, including Hinge, Tinder, and OKCupid. With after-hours earnings, Match shares are up more than 50% since the company completed its spinout from IAC in July 2020.
Earlier this week, CEO Shar Dubey told employees in a memo that she would create a personal fund to support Texas workers and dependents affected by the state’s latest abortion law, The Washington City Times reported.
The company’s market cap is currently over $40 billion.