Bumble Founder and CEO Whitney Wolfe Herd. Photo credit: Steve Jennings/Getty Images for TechCrunch, under Creative Commons license

Dating app Bumble is preparing for an initial public offering that could come as soon as next year, as first reported [paywall] by Bloomberg. According to Bloomberg, the dating app could seek a valuation of between $6 billion to $8 billion on the public markets. Last year, private equity firm Blackstone bought a controlling stake in MagicLab, the parent company of Bumble as well as Badoo, another popular dating app. The private equity firm bought into the company at a valuation of $3 billion. After the purchase, Bumble’s founder, Whitney Wolfe Herd, was elevated to head the entire company.

An IPO for Bumble could score bountiful returns for Blackstone and other existing shareholders. It’s not exactly known what percentage of Bumble is owned by Blackstone, but being a controlling stake, is apparently 51% or above. Before Bumble’s parent company, MagicLab, was scooped up by Blackstone, itself had been considering a public listing.