bumble ipo date

Bumble was founded in 2014 by Whitney Wolfe Herd, who was also one of the founders of rival app Tinder, which she left earlier that year. These features include ‘Spotlight’, which enables users to use Bumble Coins to jump to the front of the match queue. Bumble IPO Soars; Virgin Galactic Takes Flight Pot stocks wilt, giving up Reddit-fueled gains from earlier in the week. Wolfe Herd is married to a Texas oil heir and splits time among homes in Texas. Bumble's filing comes when the US IPO market is at its strongest in over two decades, with companies raising a record US$168 billion through IPOs last year, according to data from Dealogic. Enter Techmeme snapshot date and time: Cancel Mediagazer memeorandum WeSmirch. February 11, 2021, 3:20 AM. The company’s shares opened at $76 on the Nasdaq, well above its initial public offering (IPO) price of $43 per share. Top News. By Susannah Snider , Senior Editor, Financial Advisors Feb. 11, 2021 Bloomberg: Ahead of its debut Thursday, Bumble raises $2.15B in its IPO with shares priced at $43 each, up from the previous range of $37-39. Bumble’s business model is based around its premium service – which offers certain features that the standard version of the app doesn’t. Hot dating app Bumble (BMBL) announced plans to offer up to 39.7 million shares of stock at $28 to $30 apiece as part of its IPO, potentially valuing the company at nearly $6 billion. Revenue had jumped by more than a third in fiscal 2019. Bumble, one of the top dating apps, just went public. Other articles and videos you might like 0 Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the dating app where women make the first move. Shares of Bumble reached $72 on Thursday afternoon in the company's market debut, making its chief executive not only wealthy but a rarity. This is claimed to make the user more visible to potential matches, which increases their chances of finding a date. The company's revenue rose 11% to US$543 million in the 12 months ended Sept 30, from a year earlier. Bumble, the #2 dating app behind Tinder that is known for letting women initiate messages, has filed for its IPO. Home River Leaderboards About Sponsor Events ⓧ Newsletter. The IPO market is buzzing with 15 IPOs slated to raise $4.0 billion in the week ahead, led by dating app Bumble’s billion-dollar offering. Bumble publicly filed a form S-1 for an IPO with an offering size of up to $100 million. Bumble is seeking to cash in on what is the strongest U.S. IPO market in over two decades. We pored over its 247-page IPO filing to find 4 key takeaways. Mobile Archives Site News. Companies raised a record $168 billion through IPOs on stock exchanges in 2020, according to data from Dealogic. The dating app Bumble, in which women make the first move, wowed Wall Street with its IPO Photo: AFP / Eric BARADAT. Bumble found business success with its female-focused dating algorithm, now the women behind the app including CEO Whitney Wolfe Herd are making IPO history. The company is reportedly seeking a $6-8 billion valuation. Open Links In New Tab.

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