Goldman Sachs – Courting App Bumble Plans to Go Public in February
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Bumble, the relationship app backed by
has filed confidentially with the Securities and Trade Fee to go public, an individual accustomed to the state of affairs stated.
Bumble plans to make its public fairness markets debut in February, round Valentine’s Day, the particular person stated.
are lead underwriters on the deal, whereas Morgan Stanley can also be engaged on the deal.
Information of the submitting was first reported by Bloomberg. The relationship app is predicted to hunt a valuation of between $6 billion to $eight billion.
Executives for Bumble, Goldman, Citi, and Morgan Stanley declined to remark.
Bumble is certainly one of a number of high-profile corporations seeking to listing in 2021, together with Marqeta, Roblox, Robinhood Markets, Affirm Holdings, Coinbase, and Poshmark.
Bumble is understood for permitting girls to provoke contact. Ladies, as soon as they’re concerned with somebody, have 24 hours to start out a dialog with their “target.” Bumble competes towards Tinder, which is owned by
(MTCH), which additionally operates Match.com, OkCupid, and Hinge.
The IPO comes over a 12 months since Blackstone (BX) acquired a majority stake in MagicLab, which owns Bumble and Badoo. The funding valued MagicLab at about $three billion.
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