Bumble, One of the Top Dating Apps, Is About to Go Public. We Pored Over Its 247-Page Filing to Find 4 Key Takeaways. The company's S-1 filing highlights its top investor and some of the risk factors Bumble faces.
This story originally appeared on Business Insider
Bumble, one of the top online-dating companies, publicly filed its IPO paperwork in January. Now, it's planning to list its shares on the Nasdaq stock exchange today under the ticker, "BMBL."
On Monday, Bumble raised the size of its stock market offering from 34.5 million shares to 45 million shares. Bumble stock will be priced between $37 to $39 per share. The company is looking to raise up to $1.8 billion of proceeds at a valuation of $8 billion, according to Bloomberg.
Tinder cofounder Whitney Wolfe Herd helped launch the dating app in 2014 alongside Andrey Andreev, the founder of the dating app Badoo. They designed the app with the goal of creating a female-focused platform that would operate as a safe place for women to date without judgment.