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Investing.com — Bumble Inc (NASDAQ:BMBL) is set to soar in its trading debut after pricing well above its expected range, raising $2.2 billion. Trading began around 12:30 PM ET, with the stock jumping 80%.
The female-led dating app company had 42 million active users at the end of the third quarter.
The company offered 50 million shares at $43 each, about $4 above the high end of its upwardly revised range. The offering attracted wide notice among investors. Bumble initially planned to offer 34.5 million shares at $28 to $30.
Bumble stock trades on Nasdaq under the ticker BMBL.
