The Best Recent IPO to Buy
Bumble (NASDAQ: BMBL) went public on Feb. 11 in a highly anticipated initial public offering (IPO). The company has shaken up the online dating world with its namesake app, and it has a lot of potential to keep growing. Bumble's namesake app stands out from the field because it's tailored toward women, who send the first message and generally have a greater degree of control over interactions on the platform compared to other leading apps.
Amid recent volatility for technology stocks, Bumble at the time of this writing is trading roughly 13% below its opening price of $70 per share. Investors who build a long-term position could enjoy stellar returns, and it stands out as my favorite recent IPO. Here's why the company has what it takes to thrive through market volatility and deliver lots to love for long-term investors.
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Source Fool.com
