Austonia daily newsletter—direct to your inbox 6 a.m.
×
becomeMemberIcon

become a member

(Shutterstock)

Austin-based dating and networking app Bumble, which was founded in 2014 by Whitney Wolfe Herd, is reportedly considering an IPO.

Bumble, the Austin-based dating and networking app, is reportedly considering a multi-billion-dollar initial public offering that could come early next year, according to a report by Bloomberg.

The company has not finalized anything and the timeline could change, according to the story's unnamed sources "familiar with the matter."

From the report:

"Bumble could seek a valuation of $6 billion to $8 billion, said one of the people, asking not to be named because the matter is private. While it is talking to banks, it hasn't settled on a lineup, the people added."

Bumble was founded in 2014 by Whitney Wolfe Herd, who previously co-founded the popular hook-up app Tinder.

Popular

Formula 1's United States Grand Prix will take place in Austin from Friday, October 29-Sunday, October 31 in Austin.

Just weeks after music fest Austin City Limits, Austin will be host to another global event as the Circuit of the Americas hosts Formula 1's United States Grand Prix race for the first time since the onset of the pandemic.

Keep Reading Show less

Austin FC is taking on Minnesota at home after a two-week hiatus. (Austin FC/Twitter)

With two weeks of rest, a dream team lineup and nearly 20 scoring attempts in the match, Austin FC could have come away with a three-match home win streak against Minnesota United on Saturday.

Keep Reading Show less

Jenneke Parrish said she hopes her termination brings "justice" to the company (Pexels)

An Austin-based program manager for Apple Maps and one of two leaders for the #AppleToo activist movement said she has been fired after a suspension.

Keep Reading Show less