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Bumble Cofounder Becomes World’s Youngest Self-Made Girl Billionaire, As A Result Of IPO

16 Jul , 2021,
Beth Weissman
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Bumble Cofounder Becomes World’s Youngest Self-Made Girl Billionaire, As A Result Of IPO

Whitney Wolfe Herd.

Getty Graphics for Fast Business

[Update 7 pm ET: Whitney Wolfe Herd finished a single day Thursday with a web worth of $1.5 billion centered on Bumble stock closing at $70.55.]

Stocks of dating application Bumble soared in datingmentor.org/escort/davenport its IPO on Thursday, switching its 31-year-old CEO and founder Whitney Wolfe Herd in to the world’s youngest woman billionaire that is self-made. Her almost 12per cent stake when you look at the company ended up being well well well worth $1.6 billion at the time of 12:40 p.m. EST on Thursday.

Bumble stock launched at $76, a lot higher than its initial IPO cost of $43 per share. The business made its first hours after the areas exposed on Thursday.

In accordance with Bumble’s prospectus, Wolfe Herd has 21.54 million stocks, equal to 11.6percent for the business. Not only is it the world’s youngest self-made feminine billionaire, she’s additionally the female CEO that is youngest ever to just simply simply take an organization public into the U.S.

Bumble may be the second dating that is big to get general general public, after Match.com moms and dad Match Group’s 2015 IPO. Match Group attempted to purchase Wolfe Herd’s business in 2017 for $450 million. At $76 a share Thursday that is early afternoon Bumble’s market capitalization is $8.6 billion. Match Group, that also owns dating app Tinder, possesses $45 billion market capitalization.

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