Blackstone-backed dating app operator Bumble’s shares set to jump in debut- Technology News, Firstpost


(Reuters) – Shares of Bumble Inc, backed by Blackstone Group Inc, were set for a near 47% jump in their market debut on Thursday, indicating a flying start for the operator of the dating app where women make the first move.

At 10:35 am ET, Bumble’s shares were indicated to open at $63, far above an initial public offering price of $43 per share, which raised $2.15 billion for the company.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Anil D’Silva)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated: February 11, 2021 — 6:53 pm

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