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Bumble beats quarterly revenue estimates on strong user growth 05/12/2021 20:21 (Reuters) -Bumble Inc exceeded quarterly revenue estimates on Wednesday, as more people turned to its online dating app while staying indoors during the COVID-19 pandemic, sending its shares 6% higher in extended trading. The company's total paying users surged 30% in the first quarter. It reported revenue of $170.7 million, compared with analysts' estimates of $164.6 million, according to Refinitiv IBES data. Devoid of face-to-face meetings during the health crisis, people have flocked to dating apps in the past...

IPO boom in early 2021 eclipses all-time high from 2000 Around 875 firms have raised at least US$1mln through initial public offerings so far this year, surpassing the previous high of 592 firms that floated during the 2000 dot com boom A boom in company listings in the first months of 2021 has led to a new all-time high for proceeds from initial public offerings (IPOs), soaring past the previous record set during the dot com boom at the turn of the millennium. So far this year, 875 IPOs raising at least US$1mln have been carried out, outstripping the 592 firms that floated over the same per...

Shoshanna Solomon is The Times of Israel's Startups and Business reporter A sign for The Blackstone Group L.P. investment firm in front of its offices, October 15, 2018, in New York. (AP Photo/Mark Lennihan) Blackstone, a New York City-based investment giant that manages $649 billion in assets, is setting up an office in Tel Aviv to tap into the nation’s growing tech firms. The office will be run by Yifat Oron, the former CEO of LeumiTech, the tech banking arm of Bank Leumi Le-Israel. As senior managing director and head of Blackstone’s office, Oron will set up a team to vet companies for...

BusinessBlackstone’s first-quarter earnings surge as it cashes out on assets Chibuike Oguh 2 minutes read The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid Blackstone Group Inc (BX.N), the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday that its distributable earnings more than doubled in the first quarter to $1.2 billion as it cashed out on holdings. Dealmaking activity surged in the quart...

By Chibuike Oguh NEW YORK (Reuters) - Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Thursday that its distributable earnings more than doubled in the first quarter to $1.2 billion as it cashed out on holdings. Dealmaking activity surged in the quarter as a booming stock market and low borrowing costs emboldened private equity firms to sell some of their assets for top dollar. Blackstone reported distributable earnings per share of 96 cents, surpassing the average Wall Street analyst estimate of 76 cents, according ...