Bumble’s 31-year-old CEO Becomes 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% in its 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, BBC News reports.

The listing caps a saga that’s both inspiration and cautionary tale for women tech founders.

Wolfe Herd capitalized on an underserved market and built a multibillion-dollar company that was in a sense born from one of the most vexing obstacles to women entrepreneurs: sexual harassment.