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- Dating-app business Bumble went public on Thursday.
- The business’s S-1 filing highlights its investor that is top and of this risk factors Bumble faces.
- We go through the filing that is 247-page find four key takeaways.
- Look at the company part of Insider to get more tales.
Bumble, among the top online-dating businesses, went public on the Nasdaq stock market under the ticker, “BMBL,” on Thursday. The organization publicly filed its IPO documents in January.
Tinder cofounder Whitney Wolfe Herd helped introduce the dating application in 2014 alongside Andrey Andreev, the creator associated with the dating application Badoo. They designed the application with all the aim of making a platform that is female-focused would run as a safe location for women up to now without judgment.
MagicLab, the umbrella business for Bumble and Badoo, grew quickly. In 2020, Wolfe Herd took over once the CEO, renaming the moms and dad business Bumble. The business now has about 42 million month-to-month active users across both Bumble and Badoo.
We read the company’s 247-page filing that is s-1 find out more about Bumble’s plans. Listed below are four key takeaways.
Bumble will run as a “controlled company” under Blackstone
The female-first relationship software may be a “controlled business” after its initial offering that is public. This means it should be mostly beneath the demand of the sponsor, Blackstone, and its particular creator, Whitney Wolfe Herd, who can have 96percent associated with the voting energy for the Class A and B typical stock.
Bumble noted in its filing that the voting that is outsized will restrict other stockholders’ impact on the organization.