Today Bumble, a well-liked dating-focused startup, was reported by Bloomberg to have filed IPO paperwork, albeit privately.
The information that Bumble is pursuing an IPO is just not a shock. TechCrunch lined the story in September, noting the massive revenues that its rival Tinder has managed to accrete, probably indicative of a sufficiently giant market to help two public relationship gamers.
That Bumble has privately filed places it, together with the crypto-focused Coinbase, as far alongside the IPO path earlier than we are able to see their numbers. When they make their S-1 filings public the 2 corporations will present the market a glance into their monetary outcomes.
Bumble and Coinbase are preceded in making such disclosures by Roblox, Affirm, and Poshmark. The 5 corporations will be a part of others in searching for IPOs over the subsequent few months.
According to a current interview with GGV’s Hans Tung — an investor in Affirm and Airbnb and different unicorns — TechCrunch understands that quarters one, three, and 4 in 2021 may show to be energetic IPO intervals. Bumble becoming a member of the fray within the ultimate weeks of 2020 underscores how energetic the beginning of the 12 months might be for highly-priced non-public corporations searching for liquidity whereas public markets commerce close to all-time highs.
Unpacking Poshmark’s IPO submitting
TechCrunch reached out to Bumble for touch upon the IPO report. The firm declined to remark.
Bloomberg reviews that Bumble may goal a valuation of between $6 and $eight billion. This squares with prior reporting. How a lot income the market would require of Bumble to achieve these costs, and at what tempo of progress, is just not clear.
But with the corporate reaching 100 million customers earlier this 12 months, maybe all the mathematics will pencil out.