Your daily dose of Austin
Smartphone image
×
Make your inbox more Austin.
Local news and fun, every day 6am.
Report: Austin-based dating app Bumble may offer $6B IPO
(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

The high school valedictorian who took aim at Texas legislators in her speech is still fighting for women’s rights as a UT student

(Paxton Smith/Instagram)

Paxton Smith’s 2021 valedictory speech at Lake Highlands High School in Dallas wasn’t the same speech she had previously shared with school administrators. She dropped the approved speech and made a case for women’s reproductive rights after lawmakers passed the Texas "Heartbeat Bill.”

Keep ReadingShow less
Austin City Council sets meeting to talk abortion decriminalization after Roe v. Wade struck down

(Council Member Chito Vela/Twitter)

The U.S. Supreme Court overturned Roe v. Wade, the landmark ruling that guaranteed a constitutional right to an abortion, Friday morning. Moments later, Austin City Council set a special meeting for next month to pass a resolution aimed at decriminalizing abortion.

Keep ReadingShow less