Bumble (BMBL) Prices 18M Share Secondary Offering at $54/sh
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Bumble Inc. (Nasdaq: BMBL) announced today the pricing of a previously announced secondary offering of 18,000,000 shares of Bumble’s Class A common stock by certain selling stockholders affiliated with Blackstone Inc. (the “Selling Stockholders”) at a price to the public of $54.00 per share. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of Bumble’s Class A common stock. The offering is expected to close on September 15, 2021, subject to customary closing conditions.
Bumble 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.
Goldman Sachs & Co. LLC and Citigroup are acting as joint lead book-running managers and as representatives of the underwriters for the offering. Morgan Stanley and J.P. Morgan are acting as joint book-running managers for the offering. Evercore ISI, Jefferies and RBC Capital Markets are acting as joint book-runners for the offering. Blackstone, BMO Capital Markets, BTIG, Cowen, Mizuho Securities, Raymond James, Stifel, SMBC Nikko, AmeriVet Securities, C.L. King & Associates, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co., Inc., Siebert Williams Shank and Telsey Advisory Group are acting as co-managers for the offering.
The offering of these securities is being made only by means of a prospectus. When available, copies of the preliminary prospectus and the prospectus relating to this offering may be obtained from: 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]; or 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].
A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”). This 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.
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