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Bumble Considering Ipo In Early 2021: Report

by thestreet.com posted 2weeks ago 33 views
Click to view a price quote on MEET. : Dating application Bumble is preparing for an initial public offering as soon as early next year, Bloomberg reported Wednesday, about a year after Blackstone Group  (BX) - Get Report bought a majority stake in the company. Bumble could seek a valuation between $6 billion and $8 billion, Bloomberg's sources said, though no plans have been finalized and the timeline for the IPO could change. Blackstone bought a majority stake in Bumble last year in a deal that valued the company, then called MagicLab, at $3 billion.

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