Bumble Tops $13 Billion [€10.7bn] in Market Debut as Owner Becomes Billionaire

Dating app Bumble has seen its market value to over $13 billion [€10.7 billion] after planning an IPO towards the latter stages of 2020.

Bumble did better than expected as Thursday’s opening trade saw the platform’s shares rise to more than $76 [€63] each as the company hit the $13 billion mark.

As reported by Hypebeast via BBC, Whitney Wolfe Herd is just one of less than two dozen female founders to be leading a U.S firm at the time of listing as the 31-year-old has become a billionaire.

Launching six years ago, Bumble received investment from a Russian billionaire, Andreey Andreev, who also founded Badoo. Bumble’s USP in creating a dating app that saw women start the conversation has propelled the platform to great heights.

As investment firm Blackstone bought stakes in both Bumble and Badoo from Andreev in 2019, Bumble has now reached 150 countries globally with 100 million users.


Source: Hypebeast