Bumble, an Austin-based women-led startup that’s on a mission to solve 21st-century relationship problems, announced its intention to go public back in January this year.
Bumble files for IPO
On February 11, Thursday, the shares of Bumble began trading on the Nasdaq under the ticker symbol “BMBL.” The dating app company, which had priced its share at $43 per share, traded up nearly 77% at $76 per share. The company closed trading with a market cap of about $7.7 billion.
Founded by Whitney Wolfe Herd in 2014, Bumble is the first app to bring dating, friend-finding, and career-building into a single social networking platform. Notably, Whitney Wolfe Herd (31) is the youngest female founder to take the company public. Furthermore, she also joined the list of women founders who led IPOs including Katrina Lake (Stitch Fox) and Julie Wainwright (TheRealReal)....