This afternoon Bumble priced its IPO at $43 per share, ahead its raised IPO range of $37 to $39 per share.
After filing to go public in mid-January, and offered up its first price range on February 2nd. That range, $28 to $30 per share wound up coming up short. Bumble raised its price range to $37 to $39 per share earlier this week.
Before counting a possible underwriters’ option, Bumble raised $2.15 by selling 50,000,000 million shares in its public offering. The company will begin to trade tomorrow morning.
Bumble’s debut comes amidst a number of other 2021 offerings, including MetroMile’s SPAC-led public combination earlier this week. Other well-known companies are anticipated to list this year, including Coinbase and, perhaps, Robinhood.
The public offering of Bumble shares comes after a sustained period when one company, Match, was presumed to be the only possible public dating company. However, the smaller Bumble has proven that there is room for at least one more.
TechCrunch explored Bumble’s financial results here, if you’d like more.
from TechCrunch https://techcrunch.com/2021/02/10/bumble-prices-ipo-at-43-per-share/