Yesterday, Bumble priced its IPO at $43 per share, ahead of its raised initial IPO range of $37 to $39 per share.
Bumble filed to go public in mid-January and offered up its first price range on February 2. 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 billion by selling 50,000,000 million shares in its public offering. The company will begin to trade tomorrow morning.
Bumble’s debut comes amidst several 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 came after a sustained period when Match was presumed to be the only possible general dating company. However, the smaller Bumble has proven that there is room for at least one more.
Explore Bumble’s financial results here, if you’d like more.