附近上门

Dating app 鈥檚 stock closed at $70.31 on Thursday, nearly 64 percent above its IPO price.

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Bumble raised around $2.15 billion through its IPO by selling 50 million shares of its stock for $43 apiece. It had initially set a price range of $28 to $30, before raising it to $37 to $39 earlier this week. The company’s stock opened at $76 on Thursday, about 77 percent above its IPO price.

The tech company has made a name for itself as a women-centric dating app — women have to send the first message after matching with another user. Since establishing itself as a dating app, it鈥檚 expanded to the areas of friendship with Bumble BFF and professional networking with Bumble Bizz.聽

The company reported having 42 million monthly active users during the third quarter of 2020 and about 2.4 million paying users as of September 2020. Bumble reported revenue of around $377 million between Jan. 29, 2020, and Sept. 30, 2020, with losses of $84.1 million during that period. Bumble has been profitable in the past, generating $68.6 million in profit during the first nine months of 2019, according to its S-1.

The IPO is a win for Austin鈥檚 tech scene and historic for women. The company鈥檚 CEO, , is now the youngest woman to take a company public, according to

Bumble鈥檚 public debut comes at a time when tech IPOs have seen their stocks surge on the first day of trading and online services in general are doing well amid the COVID-19 pandemic. Bumble鈥檚 closest public market competitor, , has seen its stock price climb around 128 percent over the past 12 months, and closed at $172.13 on Thursday. Match Group is the parent company of dating apps and , along with other dating websites like OkCupid and PlentyOfFish.聽

鈥淥ne would think these companies would face some headwind with people generally not able to go out on regular dates, but they鈥檝e been able to capitalize I guess to some extent on people’s need to connect and either try to safely date or prepare for a time when that鈥檚 more possible,” Scott Kessler, global sector lead of TMT at Third Bridge Group, said in an interview with 附近上门 News. “So Match I think has done well because the company has been positioned and has executed well but they also have done a good job of acquiring a lot of different franchises and businesses.鈥�

With more than $2 billion in new capital through the IPO, Bumble could pursue a similar strategy to Match in acquiring other dating brands, Kessler said.

“That鈥檚 a company I could see pursing maybe not the same strategy but maybe looking at acquisitions, whether it’s categories or geographies, where they don鈥檛 have a strong presence,” he said.聽

Among the investors in Bumble are , and. The company is trading on the Nasdaq under the ticker BMBL.

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