stock, if the underwriters exercise in full their option to purchase additional shares of our common stock in this offering). IAC is not subject to any contractual obligation to retain its controlling interest in us. except that IAC is subject to the lock-up agreement described in the section "Shares eligible for future sale.- Pre-offering relationship with IAC We have operated as a wholly-owned subsidiary of IAC since our incorporation. As a result, in the ordinary course of our business, IAC has provided us with various services. including accounting. treasury. legal, tax, risk management, corporate support and internal audit functions. Our combined statement of operations includes allocations of general and administrative costs. including stock-based compensation expense, related to these functions. For more information regarding these allocations, see Note 7 to our unaudited combined financial statements and Note 13 to our audited combined financial statements. In connection with the financing of certain acquisitions in 2011 and 2014, we borrowed money from (and issued related notes to) certain IAC subsidiaries, which borrowings are classified as long-term debt on the combined balance sheet in our audited combined financial statements. For more information regarding this long-term debt, see Note 7 to our unaudited combined financial statements and Note 13 to our audited combined financial statements. At the time of this offering, all long-term debt which we owe to IAC subsidiaries will be repaid. We recently acquired Plenty0fFish for $575 million. The purchase price was funded through a combination of $75.0 million of cash on hand and a $500.0 million cash contribution from MC. IAC will ultimately receive Match Group shares for the $500.0 million contribution. The number of shares that will be issued will be calculated using the initial public offering price in this offering. We and certain of our domestic subsidiaries currently unconditionally guar