Bumble IPO is the perfect Valentine
This article is not financial advice and I am not a financial advisor.
This weekend, couple’s will get together and celebrate their love and affection for one another on Valentine’s Day. It’s the time of year where everyone has love on the brain and you can’t help feeling just head over heels for one another.
That same feeling was sweeping through Wall Street on Thursday when Cupid’s arrow struck investors. The dating app Bumble debuted on Nasdaq and opened at $43 a share and it skyrocketed up 77% at $76 a share by Friday. Bumble dropping its IPO offering mere days before Valentine’s Day wasn’t a coincidence.
Bumble was started after co-founder Whitney Wolfe-Herd left Tinder. She was the co-founder of the popular swipe left or right app. Bumble quickly became a popular app because it helped people become friends versus finding dating matches. In 2017, Forbes valued the company at over $1 billion. Now Wolfe-Herd is the youngest female to take a U.S. company public is a billionaire all because lonely men and women were in need of a hook-up.
This weekend, single millennials can download the app and take advantage of its “freemium model” and join for free. For singles, in lieu of the flowers and chocolate’s you don’t have to buy this weekend, you could get Bumble Boost.
Every guy wants to find a queen bee and lure her back to his beehive. Who knows what the Bumble algorithm will filter for you for perspective matches.
Bad Pancake Stock?
The casual investors and traders are looking for the next big stock to make them money. Over the past few weeks, investors have been riding the GameStop, AMC and DogeCoin wave. With the noise starting to calm down with those two stocks and cryptocurrency, could investors be looking for the bad pancake?
In case you are wondering what a bad pancake is, it is the first person you date right after a breakup. You don’t intend to have a future with this person but they’re someone you dip your toes back into the dating waters for.
Bumble could be that stock.
Is it possible that this IPO comes surging out of the gate and then falls hard? Bumble could very much be the Netflix and Chill of the stock market. It could be stock you buy into for that quickie instant gratification feeling.
The host of “Mad Money” on CNBC, Jim Cramer says Bumble is a buy. Cramer would go onto say about the IPO, “Bumble is a well-run company and a safe place in the app ecosystem.” He would go onto add, “It’s a revolutionary app that is a gentle entrant into this business. This is part of a larger theme. Pinterest is safe, Twitter is getting safer. There is a rebellion going on about going after hedge funds and there is also a rebellion going on about going after hate. And hate is on the run right now.”
The Closing Bell
Ultimately, Cramer says this is an “ultimate growth stock” and could be perfect for the young new investor. Whether or not you’ll jump into the fray and get some Bumble shares or not, the timing of releasing the stock around Valentine’s Day helped create some buzz for the new IPO.
This weekend you’ll either be feeling lonely and be drinking by yourself at the bar or you’ll be downloading one of the many dating apps to fill that void inside. If you have Bumble and want to drop that attention grabber line, look no further. Did Ross and Rachel ever really break up? Corny, who cares, do it for the story.
Roses are red, violets are blue, this Bumble IPO article, is my Valentine’s gift to you.
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– Chris Henrique (@ChrisHenrique on Twitter)