Why Jim Cramer Would Buy Bumble Stock
Bumble (BMBL) - Get Report priced its IPO at $43 a share, which is above the initial range of $37 to $39 a share. The company, which is focused on empowering women, will trade on the Nasdaq under ticker BMBL.
The company has, so far, raised around $2.15 billion.
Cramer said the stock is a buy at its debut as it has built a business of providing a safe place for dating. "It’s a gentle entrant into a business that is essentially an app," Cramer said.
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