Bumble went public Thursday at an opening price of $76 per share.
At this price, CEO and founder Whitney Wolfe Herd s stake in Bumble is worth $1.6 billion.
The company was previously valued as high as $8 billion, according to Bloomberg.
Bumble went public on Thursday at an opening price of $76 per share, far above its target price of $43 per share. At this price, the company has a market cap of $8.3 billion.
Whitney Wolfe Herd, the CEO and founder of Bumble, now has a stake in the firm worth $1.6 billion.
Herd is a rarity in the world of startups historically, only about 20 women have founded and led their companies through an IPO, according to an Insider analysis. In 2020, for example, more than 400 companies went public. Only a few of these were led by women.