Dating App ‘Bumble’ files IPO, Looking for $6-$8 Billion Valuation – Tech Geeked
Various sources have stated that the dating app Bumble has recently filed for an initial public offering. The app is hoping that it can go public as soon as February, perhaps fittingly close to Valentine’s Day.
Unofficially, the rumor now is that Bumble is looking for a valuation between $6 billion and $8 billion.
Details on this are to be further hashed out in the near future, however. The filing was done privately but news of the move has leaked.
This comes after Bumble’s collaboration with advisers from experts at Citigroup, Morgan Stanley, and Goldman Sachs.
Once the filing is public, there will be much more information available to analyze and predict a more accurate idea of what Bumble’s IPO might actually look like.
It is not clear how much revenue Bumble will need to have made to get the valuation it is looking for and how fast growth will need to be, but this data should be available sooner rather than later.
This filing is really no surprise at all, and it has been speculated by various media outlets that Bumble would be one of several to file for an IPO in 2020.