Shares of dating-platform company Bumble (NASDAQ: BMBL) plunged on Thursday after the company released financial results for the first quarter of 2021. Results exceeded managements previous guidance and its full-year outlook improved.
Is Bumble in trouble?
Despite a huge year, Bumble Inc suffered an overall net loss of $142.8 million, which was in stark contrast to the $85 million profit in 2019. The swing owes to a significant 74% ($292 million) increase in operating expenses, which grew much faster than the 19% increase in revenue.
What IPO is coming soon?
Upcoming IPOs in 2021IPOTentative Issue Size (in Rs. Crores)Tentative Issue DateStar Health and Allied Insurance Co. Ltd.3,000September 2021Arohan Financial1,800September 2021Penna Cement1,550September 2021Utkarsh Small Finance Bank1,350September 202156 more rows
Who is going public soon?
Top 10 Upcoming IPOsStripe. Valuation: $95 billion. IPO ETA: 2021. Rivian Automotive. Valuation: $70 billion. IPO ETA: Fall 2021. InstaCart. Valuation: $39 billion. Discord. Valuation: $10 billion. Better.com. Valuation: $8 billion. NextDoor. Valuation: $4 billion. Krispy Kreme. Valuation: $4 billion. Ascensus. Valuation: $3 billion.More items •6 Aug 2021