Bumble, a dating app on which women make the first move, is working with Goldman Sachs Group Inc. and Citigroup Inc. on its planned initial public offering, according to people with knowledge of the matter.

The company, backed by private equity firm Blackstone Group Inc., could list as early as the first quarter of 2021, said the people, who asked not to be identified because the information is private. Morgan Stanley is also advising on the listing, the people said.

Bumble could seek a valuation of US$6 billion ($8.09 billion) to US$8 billion in an IPO, Bloomberg News has reported.

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