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.

Margaret Giles

Feb 16, 2021

Mentioned: Facebook Inc (FB) , Twitter Inc (TWTR) , Snap Inc (SNAP) , Pinterest Inc (PINS) , Bumble Inc (BMBL) , Blackstone Group Inc (BX) , Microsoft Corp (MSFT) , Match Group Inc (MTCH)

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

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

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