Bumble’s 63% IPO pop turned founder Whitney Wolfe Herd into the world’s youngest self-made female … [+]
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The $2.2 billion initial public offering of dating application Bumble on Thursday went off like so many before it. Bumble’s bankers upped its IPO price about 50% from an initial range to meet fierce demand for shares, but it didn’t tame the raging animal spirits of investors bidding up tech stock valuations into the stratosphere. Bumble shares skyrocketed 63% on its first day of trading, making founder and CEO Whitney Wolfe Herd, 31, the world’s youngest self-made woman billionaire.
Add Wolfe Herd to a long line of new billionaires from Zoom’s Eric Yuan, to Snowflake’s Frank Slootman, Peloton Interactive’s
PTON
John Foley and C3.ai’s Tom Siebel, who have all seen their fortunes soar due to piping hot IPO markets. However, instead of generating…