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- Dating-app company Bumble went public on Thursday.
- The business’s S-1 filing highlights its investor that is top and regarding the danger factors Bumble faces.
- We go through the filing that is 247-page find four key takeaways.
- Visit the company part of Insider to get more tales.
Bumble, among the top companies that are online-dating went public on the Nasdaq stock market underneath the ticker, “BMBL,” on Thursday. The business publicly filed its IPO documents in January.
Tinder cofounder Whitney Wolfe Herd helped introduce the dating app in 2014 alongside Andrey Andreev, the creator regarding the dating application Badoo. They designed the software using the goal of producing a female-focused platform that would run as a secure destination for females up to now without judgment.
MagicLab, the umbrella business for Bumble and Badoo, expanded quickly. In 2020, Wolfe Herd took over because the CEO, renaming the moms and dad business Bumble. The organization now has about 42 million month-to-month users that are active both Bumble and Badoo.
We go through the business’s 247-page S-1 filing to find out more about Bumble’s plans. Listed below are four takeaways that are key.
Bumble will run being a “controlled company” under Blackstone
The female-first relationship software will undoubtedly be a “controlled company” after its initial general public providing. This means it is mainly beneath the demand of its sponsor, Blackstone, as well as its creator, Whitney Wolfe Herd, that will possess 96percent regarding the voting energy for the Class A and B typical stock. Read more