Bumble Inc. Announces Secondary Offering of Shares of Class A Common Stock
March 02 2023 - 04:11PM
Bumble 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.
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.
Citigroup 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.
The 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@example.com; 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: firstname.lastname@example.org.
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.
Bumble Inc. is the parent company of Bumble, Badoo, and Fruitz.
The Bumble platform enables people to connect and build equitable
and healthy relationships. Founded by CEO Whitney Wolfe Herd in
2014, Bumble was one of the first dating apps built with women at
the center and connects people across dating (Bumble Date),
friendship (Bumble BFF) and professional networking (Bumble Bizz).
Badoo, which was founded in 2006, is one of the pioneers of web and
mobile dating products. Fruitz, founded in 2017, encourages open
and honest communication of dating intentions through playful fruit
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements reflect our current views
with respect to, among other things, our operations, our financial
performance and our industry. 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, 2022, 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.
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