Bumble Inc. Announces Secondary Offering of Shares of Class A Common Stock
September 07 2021 - 4:10PM
Bumble Inc. (Nasdaq: BMBL) (“Bumble”) announced today that certain
selling stockholders affiliated with Blackstone Inc. (the “Selling
Stockholders”) have commenced an underwritten public offering of
15,000,000 shares of Bumble’s Class A common stock pursuant to a
registration statement filed with the Securities and Exchange
Commission (the “SEC”). Additionally, the Selling Stockholders
intend to grant the underwriters a 30-day option to purchase up to
an additional 2,250,000 shares of Bumble’s Class A common stock.
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.
The proposed offering of these securities will be made only by
means of a prospectus. When available, copies of the preliminary
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, including a prospectus, which is
preliminary and subject to completion, relating to the proposed
sale of these securities has been filed with the Securities and
Exchange Commission but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
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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