By Colin Kellaher
Shares of Bumble Inc. rose more than 80% in their trading debut Thursday after the dating-app operator's upsized initial public offering was priced well above increased expectations.
Bumble shares were recently changing hands at $78.11, up 81.7%, after opening at $76.
The Austin, Texas, company owned by Blackstone Group Inc. sold 50 million shares at $43 apiece after raising the size of the offering to 45 million shares at between $37 and $39 each from earlier plans to sell 34.5 million shares at between $28 and $30.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
02-11-21 1253ET