MARKETBEAT – Mar 16 – Bumble had issued 50M shares in its IPO on February 11th. The total size of the offering was $2.2B based on an initial share price of $43.00. During the company's quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company. BMBL opened at $73.47 on Tuesday. It has a 1-year low of $57.53 and a 1-year high of $84.80.
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