Bumble dating app reportedly planning for February IPO

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Bumble is reportedly aiming to go public just in time for Valentine’s Day.

The female-focused dating app — which grew in popularity in the Tinder era by only allowing women to make the first move in conversations on its platform — has made a so-called “confidential” filing for an initial public offering in February, according to Bloomberg.

That means investors won’t be able to glimpse the company’s books until two weeks before the date of the stock debut. According to the report, the IPO date hasn’t yet been finalized, but it won’t be Feb. 14, as Valentine’s Day falls on a weekend this year.

The company will likely seek a valuation between $6 billion and $8 billion, and is working with Goldman Sachs, Citigroup and Morgan Stanley, according to the report.

Bumble is the latest tech company to seek to go public as Silicon Valley’s top firms look to ride the stunning recovery in the US capital markets from the coronavirus pandemic that forced a number of them to postpone their debuts.

Airbnb and DoorDash both recently went public this month, with the former seeing its value double almost instantly while the latter is up more than 50 percent from its $102 listing price.

A representative for Bumble declined to comment on Friday.

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