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Market Update

Can Bumble Compete?

The dating app operator has gotten a lot of buzz for its CEO, the youngest female leader of a public company in the U.S., yet it enters a potentially crowded market with its 'freemium' model.

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The IPO at a Glance

  • Ticker: (BMBL)
  • IPO Date: Feb. 11, 2021
  • IPO Price: $43 per share
  • Number of Shares Sold: 50 million
  • Amount Raised: $2.15 billion
  • Feb. 11 Opening Price: $73.00
  • Feb. 11 Closing Price: $70.31
  • Market Cap: About $13 billion

Margaret Giles does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.