Against all odds, containment has benefited dating sites and applications. This week, London-based Tinder’s competitor Bumble turned out to be in the midst of preparing an IPO, Bloomberg reported on Tuesday . The company had not yet taken the step and, like many other companies, had had to revise its plans during the health crisis and delay such operations.
Sources familiar with the file have stated that this IPO could be expected in early 2021. Bumble would seek a valuation of between $6 and $8 billion. Its main competitor, Match Group, now weighs just over $29 billion and has seen its share price rise from $47.35 on March 20 to $113 today. On August 5, it reached a peak of $120.
Dating applications are quite discreet when it comes to talking about their user numbers, but the Match Group reported in early August that Tinder had managed to gather 500,000 additional users in the last quarter, and would have surpassed the mark of 5 million paying users for the first time.
Bumble, on the other hand, was born in 2014. The company is run by Whitney Wolfe Herd, who co-founded Tinder in 2012. She left the company after a sexual harassment complaint resulted in a $1 million payment. Since then, the application has been launched in France in 2016. Last year, Blackstone Group Inc. acquired a majority stake in Bumble. The deal valued the company at $3 billion.