initial public offerings (IPOs) trading on American exchanges

Sunday, December 20, 2020

Bumble has confidentially filed for IPO that could happen in February

The Bumble app was started in 2014 by Whitney Wolfe Herd.
  • Before Bumble, Wolfe Herd cofounded rival dating app Tinder, but left the company two years later and filed a sexual harassment and discrimination lawsuit that was later settled.
  • Wolfe Herd has an estimated net worth of $290 million and is married to a Texas oil heir.
Bumble, the dating app where women make the first move, has filed confidentially for an initial public offering, according to people familiar with the matter.

The company is planning to IPO in February, said the people, who asked to not be identified because the matter isn’t public. A listing could come around Valentine’s Day, they said, though not on that exact day because it falls on a weekend. No final decision has been made and the timing could change.

Bumble CEO Whitney Wolfe Herd

Bumble, backed by the Blackstone Group Inc., could seek a valuation of $6 billion to $8 billion in an IPO, Bloomberg News has reported. The firm is working with advisers including Goldman Sachs Group Inc., Citigroup Inc. and Morgan Stanley.

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