Bumble files for IPO, to list on Nasdaq under the ‘BMBL’ ticker symbol

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Bumble Inc. disclosed Friday that it has filed for an initial public offering, as the Texas-based dating-app maker is looking to go public at a time of strong investor for IPOs and after a strong year for rival Match Group Inc.
MTCH,
+1.21%.
Bloomberg had reported last month that Bumble had filed confidentially for an IPO, and was seeking a valuation of $6 billion to $8 billion. Bumble has not yet determined the number of shares it will offering in the IPO, the expected pricing or the number of shares it expects have outstanding after the IPO. The stock is expected to list on the Nasdaq exchange under the ticker symbol “BMBL.” Goldman Sachs and Citigroup are the lead underwriters. From Jan. 29, 2020 to Sept. 30, 2020, the company recorded a net loss of $84.0 million on revenue of $376.6 million. The company is looking to go public at a time that the Renaissance IPO ETF
IPO,
-1.80%
has run up 23.1% over the past three months while, which Match shares have soared 35.4% and the S&P 500
SPX,
-0.72%
has gained 8.5%.

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