The media often shares the names of high-net-worth individuals ("HNWIs") associated with IPOs and Listings, in many cases attaching a degree of celebrity status to them. Last year's IPO of Bumble, the online dating application, was among the high-profile examples of that, since it turned its cofounder and CEO Whitney Wolfe Herd into the world's youngest self-made female billionaire. Typically however, little is disclosed about the actual IPO and what is involved, either actively or passively, or the rationale behind it.
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