Bumble Inc. Announces Pricing of Secondary Offering of Shares of Class A Common Stock
September 09 2021 - 7:32PM
Bumble Inc. (Nasdaq: BMBL) (“Bumble”) 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:
prospectus-ny@ny-email.gs.com; 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: prospectus@citi.com.
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.
About Bumble
Bumble Inc. is the parent company of Bumble and
Badoo, two of the world’s highest-grossing dating apps with
millions of users worldwide. The Bumble platform enables people to
connect and build equitable and healthy relationships. Founded by
CEO Whitney Wolfe Herd in 2014, the Bumble app is one of the first
dating apps built with women at the center, and the Badoo app,
which was founded in 2006, is one of the pioneers of web and mobile
dating products. Bumble currently employs over 800 people in
offices in Austin, Barcelona, London, and Moscow.
Forward-Looking Statements
This press release contains forward-looking
statements. Forward-looking statements include all statements that
are not historical facts. In some cases, you can identify
these forward-looking statements by the use of words such
as “outlook,” “believe(s),” “expect(s),” “potential,”
“continue(s),” “may,” “will,” “should,” “could,” “would,”
“seek(s),” “predict(s),” “intend(s),” “trends,” “plan(s),”
“estimate(s),” “anticipates,” “projection,” “will likely result”
and or the negative version of these words or other comparable
words of a future or forward-looking nature. Such forward-looking
statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. These factors include but are not
limited to those described under “Risk Factors” in Bumble’s
registration statement relating to the offering and “Item 1A. Risk
Factors” in Bumble’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2020, as filed with the SEC, as such factors may
be updated from time to time in Bumble’s periodic filings with the
SEC. These factors should not be construed as exhaustive and should
be read in conjunction with the other cautionary statements that
are included in Bumble’s filings with the SEC. We undertake no
obligation to publicly update or review
any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as required
by law.
Source: Bumble Inc.
Investor Contact
ir@team.bumble.com
Media Contact
press@team.bumble.com
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