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Bumble Starts Trading After Its $2.15 Billion IPO. Should You Buy?

The dating app was valued at $8.2 billion at its IPO price, but shares have popped on the first day. Here’s what you should ask yourself before putting your money in.

By

Katharine Gemmell and

February 11, 2021, 3:42 PM UTC

Bumble Inc. has started trading at a time when the market is at fever pitch.

Less than a couple of weeks ago, the mania over GameStop Corp. and other “meme” stocks such as AMC Entertainment Holdings Inc. riveted the world. A horde of traders congregating on Reddit’s WallStreetBets forum drove up share prices, which later tumbled just as dramatically. That rollercoaster followed a banner year for the stock market as a whole, and initial public offerings in particular.