Dating app Bumble, founded by SMU grad, aims to raise $1.8 billion in initial stock offering

Bloomberg Wire reports Bumble Inc., the dating app where women make the first move, is targeting to raise as much as $1.8 billion from its U.S. initial public offering after boosting the size of the deal. The company plans to sell 45 million shares for $37 to $39 apiece. At the top of the new range, the IPO would value Bumble at about $8 billion, based on the outstanding Class A shares detailed in its listing document.