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The shares of Tinder rival Bumble got off to a brilliant start on the US technology exchange Nasdaq on Thursday.
The papers of the operator of the online dating platforms Bumble and Badoo, listed under the ticker abbreviation BMBL, met with strong investor interest at the start of trading - the purchase price was 76 US dollars, almost 77 percent above the issue price.
Overall, the company was valued at around $ 8.2 billion when it went public.
The Bumble app was started in 2014 by the only 31-year-old Whitney Wolfe Herd, who was already one of the co-founders of the big competitor Tinder and is now the youngest CEO to date to have a major US company listed on the stock exchange.
A special feature of Bumble is that women take the first step in dating there.
In the nine months ending September 2020, the company made a net loss of $ 28 million.
With Bumble going public, Wolfe Herd joins the exclusive club of self-made billionaires.
While women make up about half of the world's population, women - mostly from Asia - make up less than 5 percent of the world's 500 largest fortunes, according to the Bloomberg Billionaires Index.
Men make up almost two thirds of the wealth index.
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Despite the red numbers, demand for the shares was so high before the IPO that Bumble ultimately offered 50 million shares instead of the originally planned issue of 35 million shares.
In addition, the issue price was raised from initially 30 to 43 dollars per share.
Bumble wanted to take around two billion dollars with the IPO and thus finance further growth and steal market share from the counterparty Tinder.