Investors swoon over Bumble's IPO – but what exactly is an initial public offering?

Bumble’s IPO raised $2.15 billion for the women-go-first dating app. Eric Baradat/AFP via Getty Images Bumble raised US$2.15 billion in an initial public offering, or IPO, late on Feb. 10, just in time for Valentine’s Day. Investors swooned over the women-go-first dating app, buying more shares and at a higher price than initially expected, valuing the company at $8.3 billion. But what exactly is an IPO? As a finance professor, I believe understanding IPOs are an important part of knowing how markets work. More interesting to me, however, is how a new type of IPO is growing in popularity – inc…

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HEDGE accordingly