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Investors swoon over Bumble's IPO – but what exactly is an initial public offering?

  • Written by Jonathan T. Fluharty-Jaidee, Assistant Department Chair and Professor of Finance, West Virginia University
Investors swoon over Bumble's IPO – but what exactly is an initial public offering?Bumble's IPO raised $2.15 billion for the women-go-first dating app.Eric Baradat/AFP via Getty Images

Bumble raised US$2.15 billion in an initial public offering, or IPO, late on Feb. 10, just in time for Valentine’s Day. Investors swooned over the women-go-first dating app, buying more shares and at a higher price than initially expected,...

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