Bumble raises $2.2 billion in its IPO
Bumble stock skyrocketed more than 60% after its initial public offering (IPO) on Thursday. Initially, after its debut on the NASDAQ, Bumble was up almost 77% at $76 per share. The dating app company trades under the ticker symbol “BMBL.” Bumble soars in IPOBumble priced its IPO at $43 per share, which was higher than its target range of $37 to $39 per share. According to CNBC, it sold 50 million shares in its market debut, raising $2.2 billion. At the end of regular trading hours on Thursday, the dating app had a market capitalization of approximately $7.7 billion. In premarket trading this m...