Bumble eying potential IPO that could value company at $6 billion to $8 billion: report

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Dating app Bumble could soon join rival Match Group Inc. in the public markets, according to Bloomberg News. Bumble, which allows women to send the first message in dating-app conversations, is readying itself for an initial public offering that could take place early next year, per the story. The company may seek a valuation of $6 billion to $8 billion, Bloomberg News reported. Match Group, which owns a suite of dating apps including Tinder, Match.com, and Hinge, held its IPO in 2015, though then-parent IAC/InterActiveCorp. maintained majority economic interest in the company at the time. Match completed a formal separation from IAC earlier this year, and it has a valuation of over $29 billion. Match shares are up 10.4% over the past month as the S&P 500 has risen 7.8%.
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