Bumble going for billions in IPO

Emailed on September 4, 2020 in The Friday Forward

The dating and networking app Bumble is readying to go public as soon as early 2021, according to Bloomberg.

  • Bumble could seek an initial-public-offering valuation between $6 billion and $8 billion, the news agency reported.

  • Launched by Whitney Wolfe Herd in 2014, Bumble has grown to about 100 million users.

  • Data shows it is the second-most-popular dating app after Tinder.

Texas-based Bumble would join other tech companies entering the IPO market that could see listings this year, including the vacation-rental app Airbnb and the food-delivery service DoorDash.

Last year, the private-equity firm Blackstone took a majority stake in Bumble's parent firm, MagicLab, valuing the online dating platform at about $3 billion.

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Sean Steigerwald