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Bumble, a women-centric dating startup, has officially made its market debut, operating under the ticker symbol “BMBL” on the Nasdaq. Goldman Sachs, Citigroup, Morgan Stanley and JPMorgan led the offering.
This latest news is a win both for Austin’s tech scene, as well as women entrepreneurs since Bumble’s founder and CEO Whitney Wolfe Herd, 31, is now the youngest woman to take a company public, according to Business Insider. She has now joined the ranks of a very small group of women founders who have led IPOs at all.
News of Bumble’s plans to go public were swirling around in September. Then, on Wednesday, the company raised nearly $2.2 billion through its IPO by selling 50 million shares of its stock at $43 a piece. On Thursday, its stock closed at $70.31, nearly 64 percent above its IPO price. Shares of its stock popped up another 12 percent Friday morning. ....

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