Friday, 24 March, 2023

Bumble soars on market debut, valuation hit $ 14 bn

<p>Shares of the online dating app Bumble soared over 76% in their Nasdaq debut, valuing the internet firm at $14 bn. The Blackstone backed company&#39;s share opened at $76, well above its IPO price of $43 per share. Austin, Texas-based Bumble, where woman makes first move, also operates Badoo and claims to have 40 mn MAU worldwide. Bumble CEO Whitney Wolfe Herd said the pandemic encouraged people to build relationships online.</p> <p>&nbsp;</p>