Bumble Files Confidentially For An IPO
Bumble, the popular dating app where women make the first move, has filed confidentially for an IPO that’s planned for February next year, Bloomberg reports. Bumble has long been speculated to be an imminent IPO candidate so the report doesn’t seem to have an element of surprise.
Bumble, the company that consists of the Bumble app as well as another popular dating app, Badoo, is said to be seeking a valuation between $6 billion and $8 billion on the public markets. It’s working with advisers including Citigroup, Morgan Stanley, and Goldman Sachs.
Bumble is controlled by the American private equity firm Blackstone, which bought a majority stake in it at a $3 billion valuation last year. The company is notably led by a female CEO, Whitney Wolfe Herd, who founded Bumble in 2014 after previously co-founding the popular dating app Tinder.
According to Bloomberg, Bumble’s listing is somewhat symbolically being planned around 2021’s Valentine’s Day.
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