Dating app Bumble prepares for $6 billion IPO
Bumble has changed the way people date, find friends, and the perception of meeting online, for the better. Unlike traditional dating websites, the Bumble app brings dating, friend-finding, and career-building into a single social networking platform.
Widely popular among professionals and millennials, the Bumble social network platform allows you to feel empowered while you make those connections, whether you’re dating, looking for friends or growing your professional network.
Now six years after launch, the dating app Bumble is preparing for an initial public offering (IPO) and could seek a valuation of $6 billion to $8 billion, according to a report from Bloomberg, citing people familiar with the deal. Bumble has since declined to comment on the report.
Bumble becomes one of the several tech startups filing to go public this year. Others include telehealth provider Amwell, Tesla rival Xpeng Motors and Goldman Sachs-backed payments startup Marqeta, among others. Bumble’s IPO could come early next year, the report said, adding that no plans had been finalized and the timing of the IPO could change.
Founded in 2014 by Whitney Wolfe Herd, Bumble is one app that works in three modes: dating, friend-finding, and networking. Its vision, according to its website, is to “envision a world free of misogyny, where all relationships are equal. We know — we’ve got our work cut out for us. But we believe in our mission and know that we can change the culture.”