Bumble Plans To Go Public On The Nasdaq
Relationships app Bumble Inc. plans to go public and list its Class A shares on the Nasdaq Global Select Market under the “BMBL” ticker symbol, according to a Friday (Jan. 15) Form S-1 filing with the U.S. Securities and Exchange Commission (SEC).
“We believe Bumble Inc. has the potential to become a preeminent global women’s brand that will continue to support our communities on their relationship journeys on and off our platforms. We excel at helping people discover new healthly relationships — in love, friendship, and career,” Bumble Founder and CEO Whitney Wolfe Herd wrote in a letter included in the filing.
The company had approximately 42 million monthly active users (MAUs) in Q3, according to the filing.
Currently, Bumble runs the Bumble app, which was introduced in 2014, and the Badoo app, which was introduced in 2006. The Bumble app is among the “first dating apps built with women at the center,” according to the announcement. Bumble is “the second highest grossing dating app in the world,” while the Badoo app is “the fourth highest grossing dating app in the world,” according to the filing, which cited Sensor Tower.
The online marketplace for pre-owned fashion calls itself a social platform, differentiating itself from competitors in the burgeoning fashion landscape. Poshmark doesn’t purchase inventory, but it collects a charge on anything individuals post for sale on its site.
Poshmark said in its filing that the site encourages users to tap inspiration from the like-minded individuals in the online community “to discover, connect, and curate their network and news feed.”
“Our sellers today span 98 percent of the ZIP Codes in the United States and really span all of the different age demographics. We’ve also diversified where we’re starting to be increasingly appealing to not just women, but also men,” Poshmark Founder and Chief Executive Manish Chandra said in a Wall Street Journal interview.