AUSTIN, Texas, Feb. 16, 2021 (GLOBE NEWSWIRE) -- 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.
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.
