• The dating app company Bumble (BMBL) has been one of the most talked about IPOs so far this year.
  • The shares closed at $70.31 today, which is significantly higher than their IPO price of $43 each, however shares dropped by about $7 once they started trading on the market:
  • The drop may have been due to valuation concerns after the company recently increased the IPO price.
  • Bumble is unique from other dating apps because it is female-focused and requires women to make the first move.