Bumble reportedly filed confidentially for an IPO – TechCrunch

Bumble reportedly filed confidentially for an IPO – TechCrunch

At present Bumble, a well-liked dating-focused startup, was reported by Bloomberg to have filed IPO paperwork, albeit privately.

The information that Bumble is pursuing an IPO is just not a shock. TechCrunch covered the story in September, noting the massive revenues that its rival Tinder has managed to accrete, probably indicative of a sufficiently giant market to help two public relationship gamers.

That Bumble has privately filed places it, along with the crypto-focused Coinbase, as far alongside the IPO path earlier than we will see their numbers. After they make their S-1 filings public the 2 firms will present the market a glance into their monetary outcomes.

Bumble and Coinbase are preceded in making such disclosures by Roblox, Affirm, and Poshmark. The 5 firms will be a part of others in searching for IPOs over the subsequent few months.

In line with a latest interview with GGV’s Hans Tung — an investor in Affirm and Airbnb and different unicorns — TechCrunch understands that quarters one, three, and 4 in 2021 might show to be energetic IPO durations. Bumble becoming a member of the fray within the closing weeks of 2020 underscores how energetic the beginning of the 12 months could possibly be for highly-priced personal firms searching for liquidity whereas public markets commerce close to all-time highs.

TechCrunch reached out to Bumble for touch upon the IPO report. The corporate declined to remark.

Bloomberg stories that Bumble might goal a valuation of between $6 and $8 billion. This squares with prior reporting. How a lot income the market would require of Bumble to succeed in these costs, and at what tempo of progress, is just not clear.

However with the corporate reaching 100 million users earlier this year, maybe all the maths will pencil out.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *