Bumble Files to Go Public

TECH CRUNCH – Jan 15 – Bumble plans to list its share on the Nasdaq stock exchange, using the ticker symbol "BMBL." Bumble's planned IPO was first reported in December. You can read its IPO filing here. Bumble claims 42M monthly active users as of Q3 2020 with 2.4M paying users. The company reports revenue of $417M in the first 9 months of 2020 and net income of (-$117M). If you extrapolate Bumble's Q1, Q2, and Q3 revenue to a full-year number, the company could manage $555.5M in 2020 revenues. However, its sharp unprofitability in 2020 could damper its eventual valuation.