{"id":111841,"date":"2021-02-08T15:26:13","date_gmt":"2021-02-08T15:26:13","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111841"},"modified":"2021-02-08T15:26:13","modified_gmt":"2021-02-08T15:26:13","slug":"dating-app-bumble-raises-ipo-to-45-million-shares-seeks-to-raise-1-8-billion","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/dating-app-bumble-raises-ipo-to-45-million-shares-seeks-to-raise-1-8-billion\/","title":{"rendered":"Dating app Bumble raises IPO to 45 million shares, seeks to raise $1.8 billion"},"content":{"rendered":"

Greycroft invests in female-founded Goop, Bumble<\/h2>\n

Greycroft co-founder Dana Settle on Greycroft\u2019s investment in Goop and Bumble and the fertile IPO season.<\/p>\n

Dating app Bumble is aiming to raise $1.8 billion from its initial public offering, Bumble Inc. said in a filing with the U.S. Securities and Exchange Commission on Monday.<\/p>\n

Continue Reading Below<\/p>\n

The dating app, where women make the first move upon matching, will sell 45 million shares for between $37 to $39 per share, per the S-1 filing. The Austin-based company will list its shares under the trading symbol “BMBL” on the NASDAQ.<\/p>\n

BUMBLE FOUNDER WHITNEY WOLFE HERD RECEIVED A $125M PAYOUT <\/strong><\/p>\n

Bumble previously aimed to sell 34.5 million shares priced between  $28 to $30.<\/p>\n

<\/picture>\n

Bumble will sell 45 million shares for between $37 to $39 per share, it said in an S-1 filling on Monday. (Photo by Jaap Arriens\/NurPhoto via Getty Images)<\/span> (Getty Images)<\/span><\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/u><\/p>\n

The company, founded by Chief Executive Officer Whitney Wolfe Herd in 2014, has 42 million monthly average users and 2.4 million users who pay for its subscription.<\/p>\n

"The sheer scale of our platform creates powerful network effects, with more users on the platform improving selection, which improves user experience and drives even more users to our platform," reads a statement included with Monday's filing.<\/p>\n

Goldman Sachs and Citigroup are leading the IPO.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/u><\/p>\n

Dating apps, meanwhile, have seen massive growth during the pandemic, with more users at home and looking for love virtually. The top 20 dating apps have seen 1.5 million daily active users in 2020, according data firm Apptopia.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Greycroft invests in female-founded Goop, Bumble Greycroft<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nDating app Bumble raises IPO to 45 million shares, seeks to raise $1.8 billion - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/dating-app-bumble-raises-ipo-to-45-million-shares-seeks-to-raise-1-8-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dating app Bumble raises IPO to 45 million shares, seeks to raise $1.8 billion - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Greycroft invests in female-founded Goop, Bumble Greycroft\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/dating-app-bumble-raises-ipo-to-45-million-shares-seeks-to-raise-1-8-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T15:26:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/02\/931\/523\/bumble-app.jpg?ve=1&tl=1\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/dating-app-bumble-raises-ipo-to-45-million-shares-seeks-to-raise-1-8-billion\/\",\"url\":\"https:\/\/precoinnews.com\/business\/dating-app-bumble-raises-ipo-to-45-million-shares-seeks-to-raise-1-8-billion\/\",\"name\":\"Dating app Bumble raises IPO to 45 million shares, seeks to raise $1.8 billion - 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