Whitney Wolfe Herd, Bumble’s 31-year-old CEO, becomes a rare female billionaire

A company catering to women and led by women has made its 31-year-old female founder a billionaire.

Shares of Bumble Inc., the owner of the dating app where women make the first move, soared 67% on trading debut to $72 at 1:03 p.m. in New York, valuing Chief Executive Officer Whitney Wolfe Herd’s stake at $1.5 billion.