Future Tech

Blackstone-backed dating app operator Bumble's shares set to jump in debut

Tan KW
Publish date: Fri, 12 Feb 2021, 07:50 AM
Tan KW
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Future Tech

Shares of Bumble Inc, backed by Blackstone Group Inc, were set for a near 47% jump in their market debut on Thursday, indicating a flying start for the operator of the dating app where women make the first move.

At 10:35 am ET, Bumble's shares were indicated to open at $63, far above an initial public offering price of $43 per share, which raised $2.15 billion for the company.

 


  - Reuters

 

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