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IPO investors seem to think they’ve found a true match with dating app company Bumble.
The company behind Badoo and the Bumble app raised $2.2 billion in an offering of 50 million shares priced at $43, more shares sold at a higher price than previously anticipated.
Last valued at about $3 billion when Blackstone acquired the business in 2019, it is now valued at about $8.2 billion.
As we all wait for the inevitable fury around the IPO pop or radio silence should shares fall in its first day of trading, here’s the skinny on Bumble’s financial picture:
- The dating app that lets women make the first move posted revenue of about $416.6 million for the first nine months of 2020, surpassing