Bumble Inc., the dating app where only women can make the first move, climbed 64% in its trading debut after its initial public offering was expanded to raise $2.15 billion.
The company’s shares opened trading at $76 in New York Thursday. The stock, which rose as much as 85% from the offer price, closed at $70.31, valuing Bumble at about $14 billion including debt, according to Bloomberg calculations.
Chief Executive Officer Whitney Wolfe Herd, who at 31 is the youngest woman to take a large company public in the U.S. as CEO, said in an interview Thursday she ...
