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Bumble Inc. Announces Secondary Offering of Shares of Class A Common Stock
AUSTIN, Texas--(BUSINESS WIRE)-- Bumble Inc. (Nasdaq: BMBL) (“Bumble”) announced today that certain selling stockholders affiliated with Blackstone Inc. and
About this update from Bumble Inc.
[{"type":"text","content":" AUSTIN, Texas--(BUSINESS WIRE)--\nBumble Inc. (Nasdaq: BMBL) (“Bumble”) announced today that certain selling stockholders affiliated with Blackstone Inc. and its founder, Whitney Wolfe Herd (collectively, the “Selling Stockholders”), have commenced an underwritten public offering of 12,500,000 shares of Bumble’s Class A common stock pursuant to an automatically effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2023. Additionally, Blackstone intends to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Bumble’s Class A common stock.\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. Blackstone Securities Partners L.P. is acting as a co-manager for the offering.\n\nThe offering of these securities is being made 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 Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: (866)-471-2526, facsimile: 212-902-9316, email: [email protected].\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\nAbout Bumble\n\nBumble Inc. is the pa...