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Bumble Inc. Announces Pricing of Secondary Offering of Shares of Class A Common Stock
AUSTIN, Texas--(BUSINESS WIRE)-- Bumble Inc. (Nasdaq: BMBL) (“Bumble”) announced today the pricing of a previously announced secondary offering of 13,750,000
About this update from Bumble Inc.
[{"type":"text","content":" AUSTIN, Texas--(BUSINESS WIRE)--\n\nBumble Inc. (Nasdaq: BMBL) (“Bumble”) announced today the pricing of a previously announced secondary offering of 13,750,000 shares of Bumble’s Class A common stock by certain selling stockholders affiliated with Blackstone Inc. and its founder, Whitney Wolfe Herd (collectively, the “Selling Stockholders”), at a price to the public of $22.80 per share. Blackstone has also granted the underwriters a 30-day option to purchase up to an additional 2,062,500 shares of Bumble’s Class A common stock. The offering is expected to close on March 8, 2023, subject to customary closing conditions.\n\nBumble is not selling any shares of Class A common stock in the offering and will not receive any of the proceeds from the sale. Bumble will bear the costs associated with the sale of such shares, other than the underwriting discounts.\n\nCitigroup and Goldman Sachs & Co. LLC are acting as joint lead book-running managers and as representatives of the underwriters for the offering. J.P. Morgan, Morgan Stanley, BofA Securities, BTIG, Evercore ISI, Jefferies and RBC Capital Markets are acting as bookrunners for the offering. Blackstone, BMO Capital Markets, KeyBanc Capital Markets, MUFG, Raymond James, SMBC Nikko, Stifel, BNP PARIBAS, Huatai Securities, Piper Sandler, SOCIETE GENERALE, AmeriVet Securities, C.L. King & Associates, Drexel Hamilton, Loop Capital Markets, Ramirez & Co., Inc., R. Seelaus & Co., LLC, Siebert Williams Shank and Telsey Advisory Group are acting as co-managers for the offering.\n\nThe offering of these securities is being made pursuant to an automatically effective shelf registration statement filed with the Securities Exchange Commission (the “SEC”) on March 2, 2023 and only by means of a prospectus and prospectus supplement. Before you invest, you should read the prospectus, prospectus supplement and other documents Bumble has filed with the SEC for more complete information about the issuer and this offering. A copy of the prospectus and prospectus supplement relating to this offering may be obtained, when available, from the website of the SEC at http://www.sec.gov or from: Citigroup Global Markets Inc., Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (800) 831-9146, email: [email protected]; or Go...