When did Bumble go public?
Feb. 10 Bumble raised US$2.15 billion in an initial public offering, or IPO, late on Feb. 10, just in time for Valentines Day. Investors swooned over the women-go-first dating app, buying more shares and at a higher price than initially expected, valuing the company at $8.3 billion. But what exactly is an IPO?
Who bought Bumble?
In 2019, Blackstone paid about $3 billion to acquire majority stake in MagicLab, which owned the Bumble and Badoo apps at the time, from founder Andrey Andreev. Wolfe Herd was named Bumbles chief executive officer after the deal.