Bumble goes public on Nasdaq under BMBL ticker symbol

  • Bumble is officially public on the NASDAQ as of Feb. 11. The dating app sold 50,000 shares at $43 per piece in its initial offering, raising $2.2 billion.
  • The labor market continues to struggle with first-time unemployment claims falling to 793,000. Continuing claims fell to 4.54 million compared to the previous week.
  • Kraft Heinz, maker of Mr. Peanut, sold its nuts business to Spam producer Hormel Foods for nearly $3.4 billion in cash. In the new deal, Hormel will own the majority of products sold under the Planters brand.