Bumble has confidentially filed for IPO that could happen in February: report

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Bumble, the company best known for its online dating app, has reportedly filed confidential paperwork for an initial public offering, according to Bloomberg. The company’s offering could come in February, the report said, potentially timed around Valentine’s Day. A spokeswoman from Bumble declined to comment on the company’s IPO plans. Bumble may be targeting a valuation of $6 billion to $8 billion through an IPO, Bloomberg said, citing unnamed sources. Bumble got its start with a dating app that requires women make the first move in conversations with matches. The company later added a professional networking section of the app, called Bumble Bizz, as well as a platform for people searching for platonic friendships, called Bumble BFF. Bumble competes against online-dating giant Match Group Inc. , which operates a portfolio of dating brands including Tinder, OkCupid, and the namesake Match property. Match is valued at just over $40 billion.
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