IAC's Match Group sets IPO range, aims for USD2.9B-USD3.4B valuation ?

http://seekingalpha.com/news/2911716-iacs-match-group-sets-ipo-range-aims-for-2_9b-3_4b-valuation


It is insane!
Match Group (MTCH) Total Liabilities: USD545,987,000 due to PlentyOfFish acquisition. The Match Group is only a collection of old and obsolete online dating sites.

Match Group (MTCH) aims to raise USD537 Million in IPO ?
http://onlinedatingsoundbarrier.blogspot.com.ar/2015/11/match-group-mtch-aims-to-raise-usd537.html