Bumble’s US$14b day: Blackstone-backed internet dating application soars on industry introduction

Bumble’s US$14b day: Blackstone-backed internet dating application soars on industry introduction

The show outside the Nasdaq MarketSite was envisioned just like the online dating app operator Bumble Inc made the first in the Nasdaq stock exchange throughout organizations IPO in nyc. — Reuters picture

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NY, Feb 12 — companies of Bumble Inc, backed by Blackstone team Inc, soared over 76 per-cent inside their market first yesterday, fetching a US$14 billion (RM56.5 billion) valuation when it comes down to agent of dating app where people make the first step.

The organization’s offers started at US$76 regarding Nasdaq, really above the initial community supplying (IPO) price of US$43 per display. Austin, Texas-based Bumble works two major applications, Bumble and Badoo, which touts over 40 million monthly active customers around the world.

In an interview yesterday, Bumble leader Whitney Wolfe Herd stated the worldwide pandemic motivated individuals build a connection and meet new people to their mobile phones. Leia mais