Dating app Bumble preparing for IPO

Other investors include venture capital firms Accel, Bessemer Venture Partners and Greycroft.
  • Whitney Wolfe Herd, founder and chief executive officer of Bumble Trading Inc. The dating app, which lets women make the first move, is preparing for an initial public offering that could come early next year, according to people familiar with the matter. Photo: Patrick T. Fallon / Bloomberg / © 2018 Bloomberg Finance LP

    Whitney Wolfe Herd, founder and chief executive officer of Bumble Trading Inc. The dating app, which lets women make the first move, is preparing for an initial public offering that could come early next year, according to people familiar with the matter.

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    Whitney Wolfe Herd, founder and chief executive officer of Bumble Trading Inc. The dating app, which lets women make the first move, is preparing for an initial public offering that could come early next year,

    … more

    Photo: Patrick T. Fallon / Bloomberg

Photo: Patrick T. Fallon / Bloomberg
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Whitney Wolfe Herd, founder and chief executive officer of Bumble Trading Inc. The dating app, which lets women make the first move, is preparing for an initial public offering that could come early next year, according to people familiar with the matter.

less

Whitney Wolfe Herd, founder and chief executive officer of Bumble Trading Inc. The dating app, which lets women make the first move, is preparing for an initial public offering that could come early next year,

… more

Photo: Patrick T. Fallon / Bloomberg

Dating app Bumble preparing for IPO
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Bumble, a dating app that lets women make the first move, is preparing for an initial public offering that could come early next year, according to people familiar with the matter.

Austin-based Bumble could seek a valuation of $6 billion to $8 billion, said one the people, asking not to be named because the matter is private. While it is talking to banks, it hasn’t settled on a lineup, the people added. No plans have been finalized and the timing of Bumble’s IPO could still change.

It would be the latest technology company to consider jumping into the hot IPO market, which could see listings this year from well-known brands including Airbnb Inc and Doordash Inc.

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Private equity firm Blackstone Group Inc. bought a majority stake in Bumble last year — when it was known as MagicLab — in a deal that valued the company at $3 billion. Founded in 2006 by Andrey Andreev, MagicLab had been mulling an IPO before that deal.

A representative for Bumble didn’t respond to a request for comment. A Blackstone representative declined to comment.

In 2014, Andreev founded the company with Whitney Wolfe Herd, a former Tinder executive, according to its website. She became CEO of the family of apps as part of the deal with Blackstone.

Other investors include venture capital firms Accel, Bessemer Venture Partners and Greycroft.