Bumble's $14 billion date: Blackstone-backed dating app soars on market debut

The company’s shares opened at $76 on the Nasdaq, well above its initial public offering price of $43 per share.

Stellar first-day trading gains such as these are likely to fuel criticism from some venture capital investors, including Benchmark’s Bill Gurley, who has argued that investment banks underprice offerings so their investor clients can win big in first trades. Austin, Texas-based Bumble was founded in 2014 by Whitney Wolfe Herd, a co-founder of rival app Tinder, which she left earlier that year.

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Coinbase CEO Brian Armstrong owns close to $14 billion of company stock ahead of market debutBrian Armstrong, Coinbase's co-founder and CEO owns 39.6 million shares of the company heading into its direct listing Hope the hedgefund don't get sticky fingers . Hope they let people buy stocks ... Instead of manipulating the stock like robinhood..😂🚀 if he could stop his employees from manipulating crypto prices and volumes ..that would be a good start Their fees are outrageous!
La source: CNBC - 🏆 12. / 72 Lire la suite »