Zoosk, a data-driven online dating platform with over 27 million members, withdrew its plans for an initial public offering on Friday citing unfavorable market conditions.
Zoosk originally filed to raise $100 million in April 2014, and had not updated its IPO documents since May 2014.
Momo (MOMO), a Chinese app with a dating angle, trades 19% below its Decemeber 2014 IPO price.
The San Francisco, CA-based company was founded in 2007 and booked $187 million in sales for the 12 months ended March 31, 2014. It had planned to list on the NASDAQ under the symbol ZSK. BofA Merrill Lynch, Citi and RBC Capital Markets were set to be the joint bookrunners on the deal.
