Citigroup – Bumble Is Mentioned to File Confidentially for February IPO
Bumble, the relationship app the place ladies make the primary transfer, has filed confidentially for an preliminary public providing, in keeping with folks acquainted with the matter.
The corporate is planning to IPO in February, stated the folks, who requested to not be recognized as a result of the matter isn’t public. A list may come round Valentine’s Day, they stated, although not on that actual day as a result of it falls on a weekend. No remaining determination has been made and the timing may change.
Representatives for Bumble declined to remark.
Bumble, backed by the Blackstone Group Inc., may search a valuation of $6 billion to $eight billion in an IPO, Bloomberg Information has reported. The agency is working with advisers together with Goldman Sachs Group Inc., Citigroup Inc. and Morgan Stanley, folks acquainted with the matter have stated.
The Bumble app was began in 2014 by Whitney Wolfe Herd, co-founder of the relationship app Tinder.