This Is Your Second Chance to Make a First Move on Bumble's IPO
It's easy to see why Bumble (NASDAQ: BMBL) was a hot debutante two weeks ago. Online dating has never been as popular as it is right now with traditional social gatherings harder to come by in the new normal. Bumble happens to have the world's second and fourth highest-grossing dating apps in its portfolio, and its namesake app has a unique approach to pairing up its users.
Underwriters priced Bumble at $43, but it was too low. The stock opened at $76, trading as high as nearly $85 on its second day of trading. Missed connection? Not quite. The stock's been drifting lower lately, and Thursday's market sell-off was particularly hard on recent IPOs. Bumble shares tumbled nearly 7% on the day, hitting an all-time low of $61.70 in the process. You may want to make the most of your second chance to get the shares at a cheaper price than any post-IPO buyer.
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Source Fool.com
