Bumble Inc. Closes $2.5 Billion IPO and Full Exercise of Underwriters’ Option to Purchase Additional Shares
February 16 2021 - 4:05PM
Bumble Inc. announced today that it has closed its initial public
offering of 57,500,000 shares of its Class A common stock at a
price to the public of $43.00 per share, including the full
exercise by the underwriters of their option to purchase up to an
additional 7,500,000 shares of Class A common stock.
Bumble intends to use the proceeds (net of underwriting
discounts) from the issuance of 9 million shares to repay a portion
of its senior secured term loan facilities and for general
corporate purposes, and to bear the expenses of the offering.
Bumble intends to use the proceeds (net of underwriting discounts)
from the issuance of 48.5 million shares to purchase or redeem an
equivalent aggregate number of outstanding equity interests from
certain entities affiliated with Blackstone. Bumble’s Class A
common stock is listed on the Nasdaq Global Select Market under the
symbol “BMBL”.
Goldman Sachs & Co. LLC and Citigroup served as joint lead
book-running managers and as representatives of the underwriters
for the offering. Morgan Stanley and J.P. Morgan acted as joint
book-running managers for the offering. Jefferies, RBC Capital
Markets and Evercore ISI acted as joint book-runners for the
offering. Blackstone Capital Markets, BMO Capital Markets, Cowen,
Raymond James, Stifel, BTIG, Nomura, 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 acted as
co-managers for the offering.
A registration statement relating to these securities was filed
with, and declared effective by, the Securities and Exchange
Commission on February 10, 2021. The offering of these securities
was made only by means of a prospectus. Copies of the prospectus
relating to the initial public 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.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, 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 Badoo and Bumble, 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 600 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 initial public offering.
These factors should not be construed as exhaustive and should be
read in conjunction with the other cautionary statements that are
included in the registration statement. 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
Investor Relationsir@team.bumble.com
Media Contact
press@team.bumble.com
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