IPO Report

Bumble prices IPO at $43 a share, raising $2.2 billion

Published: Feb. 10, 2021 at 7:06 p.m. ET

By

Mike Murphy

Bumble's dating app.
AFP via Getty Images

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Dating-app maker Bumble Inc. priced its initial public offering at $43 share late Wednesday, well above its expected range.

Bumble said it will offer 50 million shares, raising about $2.2 billion. Just a day before, the company had planned on offering 45 million shares at $37-$39 each, figures which themselves were significantly higher than originally announced.

Trading is expected to begin Thursday on the Nasdaq under the ticker symbol “BMBL.” There are 23 banks underwriting the deal, led by Goldman Sachs and Citigroup.

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