Blackstone-backed dating app operator Bumble's shares set to jump in debut

(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.

ReutersFeb 12, 2021 00:15:14 IST

Blackstone-backed dating app operator Bumble's shares set to jump in debut

(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.

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