FILE PHOTO: Bumble founder and CEO Whitney Wolfe Herd sits for a portrait in the Manhattan borough of New York City, U.S., January 31, 2019. REUTERS/Caitlin Ochs/File Photo NEW YORK: Bumble Inc chief executive officer Whitney Wolfe Herd’s (pic) stake in the women-centric dating app operator was worth nearly US$2bil, as shares rallied for a second straight day after a blockbuster debut on Thursday. Bumble, backed by Blackstone Group Inc, was valued at US$15.69bil on Friday, with its stock price nearly doubling from the initial public offering (IPO) price of US$43 per share, underscoring investor’s insatiable appetite for tech shares in a buoyant US equities market. Wolfe Herd owns 21.5 million shares in Bumble, equating to a 11.6% stake, regulatory filings showed. With the blockbuster IPO, Wolfe Herd, 31, became the youngest female CEO to ever take a company public as she rang the opening bell from Bumble’s Austin-based offices with her one-year-old son by her side. The women-first approach has set Bumble apart in a competitive online dating market, Wolfe Herd told Reuters on Thursday. — Reuters
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