How to buy Bumble shares from Australia
Bumble is set to go public, here's what you need to know if you're looking to buy in.
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Austin, Texas-based dating app Bumble has gone public. Here's what we know about the IPO.
Thursday, February 11: Shares of BMBL began trading on the Nasdaq. The stock opened at $76 per share.
Wednesday, February 10: Bumble completed its IPO, selling 45 million shares at $43 each, raising $1.94 billion. The offering was upsized from $1.75 billion. Shares of BMBL will begin trading on the Nasdaq February 11.
Monday, February 8: Bumble increased the price range on its IPO to between $37 and $39 per share, up from between $28 and $30. The company also plans to offer 45 million shares, up from the originally announced 34.5 million shares.
Thursday, February 4: Bumble is expected to complete its IPO on February 11.
Tuesday, February 2: Bumble set a price range for its initial public offering at between $28 and $30 per share. The company plans to offer 34.5 million shares.
Friday, January 15: Bumble filed a Form S-1 with the US Securities and Exchange Commission, solidifying its plans to conduct an initial public offering. Citigroup and Goldman Sachs Group have been confirmed as the lead bookrunners for the IPO.
Monday, December 21: Bumble has reportedly filed a confidential draft registration statement with the US Securities and Exchange Commission, declaring its intention to conduct an initial public offering. Sources close to the deal suggest it could close in February 2021, around Valentine's Day, but that has not been confirmed.
Thursday, November 12: Bloomberg reports that Bumble's IPO is expected to list in the first quarter of 2021.
How to buy shares in Bumble
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Bumble. Find the share by name or ticker symbol: N/A. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Bumble reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Bumble, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Bumble. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What we know about the Bumble IPO
It's listed on the NASDAQ on February 11.
How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Bumble can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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