PROFIT CONFIDENTIAL - Nov 29 - The Bumble IPO is set to land sometime before 2019 and will be one of the first pure-play dating apps to enter the market. While no firm date has been set, the company has stated that it is seeking to have the IPO sometime next month. It could, of course, be delayed. The valuation is one delay factor. The company is currently seeking a $1.5B IPO. Some analysts, however, have placed the company as low as $1.1B. The valuation is subject to change, however, as the company is exploring new ways to monetize, namely through advertising. Bumble has jumped to 40M users in 4 years, up from 12.5M in February of 2017. "We are at our annual run rate of $200M for 2018, and we're only in year three. We've been a profitable business since year two," Bumble co-founder Whitney Herd said.
by Stephen Karmazyn
See full article at Profit Confidential