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Bumble eyes IPO at valuation up to $8B
Bumble, the dating app where women make the first move, is reportedly moving ahead with plans for a potential public offering.
The company is said to be working with Goldman Sachs and Citigroup for a possible IPO, which could list as early as the first quarter of 2021, Bloomberg reports. It is likely to seek a valuation of between $6 billion and $8 billion.
Austin-based Bumble was founded in 2014 by Whitney Wolfe Herd, formerly co-founder of the dating app Tinder. Last year, private equity firm Blackstone bought a majority stake in the app’s parent company, MagicLab, at a valuation of around $3 billion.
DoorDash files S-1
DoorDash filed initial public offering paperwork Friday, revealing a 226 percent increase in revenue over the past nine months and a jump in market share in the last two years. [Read more]
- Ozon looks to raise $750M in IPO: Russian online retailer Ozon is reportedly planning to raise about $750 million in an initial public offering in the United States to help fund expansion in its home market.
Illustration: Dom Guzman