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Bumble’s 31-Year-Old CEO Becomes a Rare Female Billionaire (2)

Feb. 11, 2021, 8:03 PM

A company catering to women and led by women has made its 31-year-old female founder a billionaire.

Shares of Bumble Inc., the owner of the dating app where women make the first move, soared 67% in its trading debut to $72 at 1:03 p.m. in New York, valuing Chief Executive Officer Whitney Wolfe Herd’s stake at $1.5 billion.

Whitney Wolfe Herd
Photographer: Patrick T. Fallon/Bloomberg

The listing caps a saga that’s both inspiration and cautionary tale for women tech founders. Wolfe Herd capitalized on an underserved market and built a multibillion-dollar company that was in a sense born from one of the most vexing obstacles ...