Austin, Texas-based Bumble Inc., a dating app operator backed by buyout firm Blackstone Group, has announced to sell 50 million shares in its initial public offering (IPO) at $43 (approx €35.44) apiece, to raise $2.2B (approx €1.81B). The shares are trading on Nasdaq Global Select Market under the symbol “BMBL”.
According to a report, the company originally planned to sell its shares between $28 and $30 before it lifted the range to $37 to $39. The original offering plans also saw Bumble offering 34.5 million shares.