AUSTIN, Texas, February 10, 2021 (GLOBE NEWSWIRE) – Bumble Inc. announced today the price of its initial public offering of 50,000,000 shares of its common Class A shares at a public price of $ 43.00 per share. Bumble has given subscribers a 30-day option to purchase up to 7,500,000 additional shares of Class A common stock. The shares are expected to begin trading on the Nasdaq Select global market on February 11, 2021 under the symbol “BMBL”.
Bumble intends to use the proceeds (net of subscription reductions) from the issuance of 9 million shares to repay part of its long-term and general corporate loan facilities and to bear the costs of the offer. Bumble intends to use the proceeds (net of subscription reductions) from the issuance of 41 million shares (or 48.5 million shares, if subscribers fully exercise their option to purchase additional shares from the common Class A shares) to buys or repurchases an equivalent aggregate number of outstanding holdings from certain Blackstone affiliates. The offer is expected to close on February 16, 2021, subject to the usual closing conditions.
Goldman Sachs & Co. LLC and Citigroup act as principal book management managers and as representatives of offer subscribers. Morgan Stanley and JP Morgan act as joint book management managers for the offer. Jefferies, RBC Capital Markets and Evercore ISI act as joint card players for the offer. 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 for the offering.
The offering of these securities is done only through a prospectus. When available, copies of the prospectus regarding 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, e-mail: [email protected]. com; or Citigroup Global Markets Inc., Attention: Prospectus Department, Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, phone: (800) 831-9146.
A registration statement relating to these securities was submitted to the Securities Commission and was declared effective by it. This press release will not constitute an offer to sell or request an offer to buy or any sale of such securities in any state or jurisdiction where such offer, request or sale would be illegal prior to registration or qualification under the laws. on the securities of any such State or jurisdiction.
About Bumble
Bumble Inc. is the parent company of Badoo and Bumble, two of the largest application revenues in the world, with millions of users worldwide. The Bumble platform allows people to connect and build fair 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 has more than 600 employees in offices in Austin, Barcelona, London and Moscow.
Regarding the previous 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 using words such as ‘perspective’, ‘believe’, ‘expect’, ‘potential’, ‘continue’, ‘maybe’, ‘will’, ‘should’, ‘could’, “Would be”, “seek”, “predict”, “intended”, “trends”, “plan (s)”, “estimate (s)”, “anticipate”, “projection”, “likely to result” and or version negative of these words or other comparable words of a future or future-oriented nature. These forward-looking statements include any statements regarding the commencement of trading of Bumble’s Class A common shares on the Nasdaq Global Select market. Such forward-looking statements are subject to various risks and uncertainties. Consequently, there are or will be important factors that could cause the actual results or the results to differ materially from those indicated in these statements. These factors include, but are not limited to, those described in “Risk Factors” in Bumble’s initial public offering statement. These factors should not be construed as exhaustive and should be read in conjunction with the other warning statements that are included in the registration statement. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, unless required by law.
Source: Bumble Inc.
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