Bumble, developer of a popular dating app, was tipped by Bloomberg to be in the initial stages of exploring a potential IPO, seeking to cash-in on growing uptake and usage.
While the news agency noted no firm decisions have been made, it stated Bumble had held talks with banks regarding a potential move in 2021, which it hoped would secure it a valuation of between $6 billion and $8 billion.
In November 2019, investment company Blackstone purchased a majority stake in Bumble (formerly known as MagicLab), in a transaction which valued the company at approximately $3 billion.
Bumble was founded in 2014 by Whitney Wolfe Herd, one of the co-founders of rival service Tinder.
Sensor Tower data showed Bumble was the second-highest grossing dating app globally in July, generating revenue of more than $16.8 million. US users generated around 74 per cent of the total.
Tinder topped the tables, pulling in more than $68.5 million in July, the company estimated.Subscribe to our daily newsletter Back