Investing.com - Last Thursday, 31-year-old Whitney Wolf Herd became the first Self-Made woman in the world, since as a result of growth in stock demand just debuting the new application for dating Bumble, their price reached at the time of closing of bidding $ 70 , 31, bringing it a condition of $ 1.5 billion in size, writes forbes.
Personally, 11.6% of the company's shares (21.54 million) were evaluating $ 1.6 billion. Bumble shares began trading immediately after opening the stock exchange and reached the price of $ 76, which is much higher than the initial price for IPO $ 43 per share.
Thus, Wolf Hurd became not only the most young woman in the world a billionaire woman who earned money on his own, but also the most young woman-general director ever published in the United States.
In the sphere of sites for dating Bumble is not a pioneer. This is the second major application of this kind, which has become public after the IPO of the maternal company Match.com in 2015. Match Group tried to buy a Bumble in 2017 for $ 450 million. Market capitalization of Bumble on a state last Thursday, when its shares reached $ 76 per piece, amounted to $ 8.6 billion Match Group, which owns such a well-known application for dating, like Tinder, has Market capitalization of $ 45 billion.
In the first 9 months of 2020, Bumble revenue amounted to $ 417 million, which is much more than in the same period a year earlier: $ 363 million.
As a result of the IPO, Wolf Herd attracted $ 2.2 billion, and the lion's share of funds raised during the debut will be used to buy or repurchase shares from the owners of its shares to the IPO, namely the private investment company BlackStone, which has owned almost 91% of the shares .
Wolf Hurd founded the Bumble service in 2014, shortly after she was forced to leave the previous place of work in Tinder because of the conflict with the manual.
Shortly thereafter, Wolf Hurd, together with Andrei Andreev, the Russian billionaire living in London, founded Bumble. Its feature is an emphasis on women who provided the preemptive right to be the first to install contacts, which distinguishes it from Tinder and other online dating applications. Andreev left the company in November 2019.
After a real Bumble Furora on the exchange on the first day of the bidding, Wolfe Herd thanked all those who contributed to the success of her brainchild, especially noting the role of women: "Today, Bumble becomes a public company. This is possible only thanks to more than 1.7 billion first steps made by bold women in our application - and women innovators who paved the path in the world of business. "
- Preparation used Forbes materials.
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