Deals
IPO Could Value Tinder Rival Bumble at $1.1 Billion
Photographer: Rachel Murray/Getty Images for Bumble
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The next online dating company to go public probably won’t be cheap, but might need to reach some middle-ground with investors on its valuation, according to an analyst and a portfolio manager.
An initial public offering in Bumble could value the millennial-focused courtship app at as low as $1.1 billion, below the $1.5 billion figure it was reportedly seeking in January, according to calculations by Synovus Trust senior portfolio manager Dan Morgan.