Meetic Plans 342 Million Euro Paris float

Filed in archive Business on October 10, 2005

REUTERS -- Oct 4 -- Meeticis preparing a Paris flotation that could value it at up to 341.7
million euros ($411.5 million). (estimated price range of 19.20
euros to 22.30 euros a share). Meetic is valued at seven times
2005 annual sales and 35 times 2005 earnings (EBTIDA). Launched
four years ago, Meetic operates in 13 countries and nine
languages. Meetic made a net profit of 2.7 million euros on sales
of 21.3 million euros in 2004. RELEASE @ REUTERS INDIA

Mark Brooks: I'm in Prague right now. Noone uses internet dating here! Europe is still prime territory.