Bumble Is Gearing Up for an IPO Valuing the Company as High as $8 Billion
Bumble is preparing for an initial public offering (IPO) next year, according to a report from Bloomberg News. The report suggests that the company is considering pricing shares in a range that would value the company at between $6 billion and $8 billion.
The key feature of the Bumble app is that it requires women to send the first message to potential romantic partners. This differentiating factor has helped the service carve out a sizable and highly engaged user base in the dating-app market and company could wind up being one of next year's hottest IPOs.
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Source Fool.com
