AUSTIN, Texas, February 10, 2021 (GLOBE NEWSWIRE) – Bumble Inc. has today announced the price of its initial public offering of 50,000,000 shares of its Class A common shares at a public price of $ 43.00 per share. Bumble has granted subscribers a 30-day option to buy up to an additional 7,500,000 shares of Class A common stock. Stocks are expected to begin trading on the Nasdaq Global Select Market on February 11, 2021 with the symbol “BMBL”.
Bumble intends to use the proceeds (net of subscription discounts) from the issuance of 9 million shares to repay a portion of its senior and general purpose corporate loan facilities and assume the costs of the offer. Bumble intends to use the proceeds (net of subscription discounts) from the issuance of 41 million shares (or 48.5 million shares if subscribers fully exercise their option to purchase additional shares of the shares ordinary Class A) shares to purchase or exchange an equivalent aggregate number of outstanding shares of certain Blackstone affiliates. The bid is expected to close on February 16, 2021, subject to the usual closing conditions.
Goldman Sachs & Co. LLC and Citigroup act as joint book management administrators and as representatives of the offer subscribers. Morgan Stanley and JP Morgan act as joint book execution managers for the bid. Jefferies, RBC Capital Markets and Evercore ISI act as joint book brokers for the offering. Blackstone Capital Markets, BMO Capital Markets, Cowen, Raymond James, Stifel, BTIG, Nomura, SMBC Nikko, AmeriVet Securities, CL King & Associates, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co. , Inc., Siebert Williams Shank and Telsey Advisory Group act as co-managers of the offering.
These values are only offered through a brochure. When available, copies of the prospectus related to the initial public offering can be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, phone: (866) -471-2526, fax: 212-902-9316, email: [email protected] ; or Citigroup Global Markets Inc., Attention: Prospectus Department, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, phone: (800) 831-9146.
A registration statement related to these securities was submitted to the Securities and Exchange Commission and declared effective. This press release will not constitute an offer to sell or request an offer to purchase, nor will there be a sale of such securities in any state or jurisdiction in which such offer, request or sale would be illegal before of the registry or rating under the securities laws of any such state or jurisdiction.
As for Bumble
Bumble Inc. is the parent company of Badoo and Bumble, two of the highest-income dating apps in the world with millions of users worldwide. The Bumble platform allows 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, founded in 2006, is one of the pioneers of web and mobile dating products. Bumble currently employs more than 600 people in offices in Austin, Barcelona, London and Moscow.
Prospective statements
This press release contains forward-looking statements. Prospective statements include all claims that are not historical facts. In some cases, you can identify these forward-looking statements by using words such as “perspective”, “believe (s)”, “expect (s)”, “potential”, “continue (s)”, “can”, ” Will want “,” should “,” could “,” would “,” seek (s) “,” predict (s) “,” pretend (s) “,” trends “,” plan (s) “,” estimate ” s) “,” anticipates “,” projection “,” likely to result “or the negative version of these words or other comparable words of a future or futuristic type. These forward-looking statements include any statements relating to the commencement of trading of Bumble Class A common shares on the select Nasdaq Global market. These forward-looking statements are subject to various risks and uncertainties. Consequently, there are or will be important factors that could cause actual results or results to differ materially from those set forth in these statements. These factors include, but are not limited to, those described in “Risk Factors” in Bumble’s registration statement regarding the initial public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other precautionary statements included in the registration statement. We do not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or anything other than as required by law.
Source: Bumble Inc.
Contact with investors
Investor relations
[email protected]
Contact with the media