Bumble Inc., the dating app where women make the first move, set the terms for a U.S. initial public offering that could raise as much as US$1 billion.
The Austin, Texas-based company plans to sell 34.5 million shares at US$28 to US$30 apiece, it said in a Tuesday filing with the U.S. Securities and Exchange Commission.
Bumble was founded in 2014 by Chief Executive Officer Whitney Wolfe Herd. It plans to list around Valentine’s Day, people with knowledge of the matter have said.
Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. are leading the offering. Bumble plans to list its shares on the Nasdaq Global Select Market under the symbol BMBL.