Dating app Bumble is set to go public Thursday, February 11 on the Nasdaq Stock Exchange using ticker symbol BMBL.
With a potential valuation of $8 billion and planning to raise anywhere between $1.66 billion to $1.76 billion , shares will be offered at a range of $37 to $39 apiece, as opposed to its original price range of between $28 to $30 apiece.
Founded in 2014 by Whiteney Wolfe Herd, an ex-Tinder executive, the company operates the Bumble and Badoo apps, the world’s second and fourth highest grossing dating apps respectively. Highly popular with millennials and competing with the likes of Match Group’s Tinder, it reportedly has 42 million monthly active users as of the third quarter of 2020 and 2.4 million paying users in the nine months ending September.
The dating app aims to protect women from any potential harassment often encountered on traditional dating sites by enabling females to make the first move in heterosexual matches. The company is also set to expand beyond its dating app through its Bumble BFF platform aimed at promoting friendships and Bumble Bizz, a professional networking tool.
Here is how you can buy shares
Those interested to buy shares through the Moneybase Invest platform can do so by downloading the app through the App Store or Google Play or by accessing https://live.cctrader.com/.
The stock can be found under the ticker symbol BMBL.
Please note that orders can only be placed as Limit Orders until trading commences on the secondary markets.
We remain at your disposal for further assistance. You may get in touch with us on +356 25 688 688 or via live chat through the Moneybase Invest app.
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