Bumble is the gift that keeps on giving. It listed on the NASDAQ and its shares surged 76% on its first day of trade.
Bumble was founded in 2014 by Whitney Wolfe Herd, who started her career at Tinder. She initially wanted to create a women-focused social network - but then landed on the concept of a female-focused dating app. In other words, Bumble lets women, who are looking for their dream match, make the first move.
Get this - they originally expected the price the stock at $28 per share, but after seeing the strong demand from investors, they bumped up the price to $43 USD. But Bumble is becoming the gift that keeps on giving. Its shares surged immediately when trading started - opening at $76 USD (hello 77% IPO day increase!).
Bumble’s IPO is set to inspire and empower a generation of female entrepreneurs because Whitney Wolfe Herd is pretty different to many standard tech company founders (ie Jobs, Bezos, Musk, Zuckerberg, Spiegel, Page, Brin, Hastings - all white male).
And despite all this, Bumble has achieved one of the most high-profile and successful technology IPOs of the year. Ohhh, and did we mention - the majority of Bumble's board is made up of women (unlike many other tech companies)
So this is a major moment not just for Bumble - but for female founders around the world
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