There's some buzz that Bumble is going public, and it could be a real honey pot. Bumble is a cute, bee-themed dating app designed so women can make the first move, but they're not the first technology company making initial public offerings (IPOs). Their announcement comes along behind other highly anticipated IPOs like Airbnb and Doordash Inc.
However, Bumble does have a little more information for the public than other hinting IPOs. The could be seeking a valuation between $6 and $8 billion, according to a source that wished to remain unnamed due to the private nature of the information. The company is looking to break into the stock market as early as the beginning of next year. But while it's talking with banks, it hasn't settled on a lineup yet. Because nothing has been finalized, this could push the timing of Bumble's IPO.
For Bumble CEO Whitney Wolfe Herd, running a dating app isn't new. She was also an executive and co-founder of Tinder, now thier competition, and is also chief executive officer of the family of apps under Blackstone Group, Inc.