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.