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Bumble Soars 80% in IPO After Raising $2.2 Billion

Published 02/11/2021, 12:11 PM
Updated 02/11/2021, 12:17 PM
© Reuters

By Liz Moyer

Investing.com -- Bumble Inc (NASDAQ:BMBL) is set to soar in its trading debut after pricing well above its expected range, raising $2.2 billion. Trading began around 12:30 PM ET, with the stock jumping 80%.

The female-led dating app company had 42 million active users at the end of the third quarter. 

The company offered 50 million shares at $43 each, about $4 above the high end of its upwardly revised range. The offering attracted wide notice among investors. Bumble initially planned to offer 34.5 million shares at $28 to $30. 

Bumble stock trades on Nasdaq under the ticker BMBL.

 

Latest comments

this stock is trash, it opened at 70 wth..
This stock going back to arda
These women turned down the sharks. They know how to raise money haha.
well DUH, stonks go up. Nothing else matters.
i'm shorting this ipo
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