According to sources familiar with the matter at hand, Bumble, a dating app, is preparing for an initial public offering (IPO), which could see the company being valued between $6 billion to $8 billion.
Bumble’s IPO could come early next year, said a report from Bloomberg citing sources.
Sources cautioned that Bumble’s IPO plans have not been finalized and its timing could potentially change.
The development marks tech companies aiming to ride the bull run in U.S. capital markets which has made a stunning recovery from the COVID-19 pandemic which forced several companies to postpone their IPO plans.
Bumble did not respond to requests for comments.