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Bumble Prices Upcoming Ipo, Plans To Raise Around $1B

by thestreet.com posted 3weeks ago 26 views
Click to view a price quote on TWTR. : Bumble Inc. said Tuesday that it plans to raise as much a $1 billion from its upcoming initial public offering on the Nasdaq. Bumble, an online dating app with more than 100 million users, will price 34.5 million shares for sale at between $28.00 and $30.00 each, a level that would raise as much as $1.04 billion. The Austin, Texas-based group plans to list on the Nasdaq Global Select Market under the ticker symbol BMBL. Goldman Sachs, , Citigroup, Morgan Stanley and JPMorgan Chase will lead the underwriting group.

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