Dating App Bumble Jumps in Debut After $2.15 Billion IPO
- Company valued at about $14 billion after first-day rally
- CEO Wolfe Herd: Bumble may pursue international acquisitions
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Bumble Inc., the dating app where only women can make the first move, climbed 64% in its trading debut after its initial public offering was expanded to raise $2.15 billion.
The company’s shares opened trading at $76 in New York Thursday. The stock, which rose as much as 85% from the offer price, closed at $70.31, valuing Bumble at about $14 billion including debt, according to Bloomberg calculations.