Should You Fall in Love With Bumble's IPO?
Dating site operator Bumble (NASDAQ: BMBL) made a good first impression in its initial public offering last month -- its stock ended its first day of trading 64% above the IPO price, though it's pulled back a bit since then. Is this a good time to start a long-term relationship with the dating app company, or is the market's affection for it likely to fade?
Image source: Getty Images.
Bumble's business is definitely desirable. It operates a female-friendly dating and lifestyle platform -- its well-known twist is that only the women on the site can initiate first contact with potential dates.
Source Fool.com
