Bumble IPO Heats Up as the Company Raises Fundraising Target to $1.8 Billion
Bumble upped its initial public offering (IPO) target in a filing with the Securities and Exchange Commission on Monday. The dating app specialist is now aiming to sell 45 million shares at a price ranging between $37 and $39 per share. That listing would raise roughly $1.8 billion in funds and bring the company's value to more than $7 billion.
Bumble's previous filing, on Feb. 2, targeted the sale of 34.5 million shares priced between $28 and $30 per share. The top end of that target would have raised approximately $1 billion and valued the company at roughly $6.46 billion.
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Source Fool.com
