Online Dating Heats Up: Bumble Files Confidentially for IPO
Bumble, the female-centric dating app, has filed a confidential S-1 with the Securities and Exchange Commission in the earliest steps toward its initial public offering (IPO), as first reported by Bloomberg. Due to the confidential nature of its filing, the paperwork isn't yet available to be reviewed, but the company may be targeting a February IPO.
As a result of the pandemic and the corresponding social distancing, a greater number of users than ever before have turned to dating apps to meet potential partners. Bumble, which is backed by The Blackstone Group (NYSE: BX), is seeking a valuation between $6 billion and $8 billion, making it the latest in a line of unicorns (companies worth more than $1 billion) to go public in recent months.
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Source Fool.com
