Bumble stock rockets 80% after IPO

Bumble stock rockets 80% after IPO
Spread the love

Investors “swiped right” on dating-app operator Bumble Inc. Thursday, sending its shares up 80% as they made their public debut.

Bumble’s stock

opened at $76 a share midday Thursday before heading slightly higher. The company’s initial public offering priced at $43 a share late Wednesday, above a twice-raised range and enough for the company to rake in $2.2 billion through the IPO.

The company, which runs its namesake dating app as well as offshoots for finding platonic friends and networking connections, lets people swipe through profiles of potential matches and makes money when users pay for premium features, like the ability to see who’s already liked them on the app. Bumble also operates Badoo, a dating…

Original Author

Please follow and like us:


Live Updates COVID-19 CASES
Follow by Email