Dating App ‘Bumble’ files IPO, Looking for $6-$8 Billion Valuation – Tech Geeked

Dating App ‘Bumble’ files IPO, Looking for $6-$8 Billion Valuation – Tech Geeked

bumble ipo

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.

Other prominent companies like Airbnb, DoorDash, Coinbase, Poshmark, Roblox, Affirm, Snowflake, Palantir, and others
Source…

Related Posts

Love in the time of COVID: This dating app developer lets your friends swipe for you – Advocate Media

Love in the time of COVID: This dating app developer lets your friends swipe for you – Advocate Media

Farewell, disco pash: How the pandemic has changed dating – Sydney Morning Herald

Farewell, disco pash: How the pandemic has changed dating – Sydney Morning Herald

Online Dating Means More Than Virtual Meet-ups – qcnerve.com

Online Dating Means More Than Virtual Meet-ups – qcnerve.com

Machine Learning, Artificial Intelligence Are Becoming The Main Love Coaches – LA Canyon News

Machine Learning, Artificial Intelligence Are Becoming The Main Love Coaches – LA Canyon News