My Top IPO Stock to Buy in 2021
This was a banner year for tech IPOs. Investors in 2020 flocked to companies like Snowflake and Unity Software, which generated impressive growth and were well-insulated from the pandemic. And 2021 could be another hot year for tech IPOs, as unicorns like Robinhood, Instacart, Stripe, and Nextdoor mull big initial public offerings.
But one of these potential IPOs captures my interest more than the others: Bumble, Match Group's (NASDAQ: MTCH) biggest competitor in online dating. Let's take a look back at Bumble's origins, how it keeps growing in Match's shadow, and why it could be a red-hot IPO next year.
Bumble was founded by Whitney Wolfe Herd, who previously co-founded Match's Tinder with Justin Mateen, Sean Rad, Joe Munoz, and Chris Gulczynski in 2012. Wolfe was initially Tinder's VP of marketing.
Source Fool.com
