Bumble Prices US$972 Million Secondary Offering
Bumble Inc. (Nasdaq: BMBL) is looking to raise proceeds for its stockholders. The online dating platform priced today its previously announced secondary offering of company shares with aggregate proceeds of US$972 million.
The offering consists of 18.0 million Class A shares by certain selling stockholders at US$54.00 per share. The company itself is not selling any of the shares it is holding and will not receive any proceeds from the offering. However, it will assume the costs related with the sale of the shares except underwriting expenses.
Goldman Sachs & Co. and Citigroup are acting as joint lead bookrunners and representatives of the underwriters, which were given a 30-day over-allotment option to purchase additional 2.7 million shares at the same share price.
The proposed offering is expected to close on September 15, 2021, subject to customary closing conditions.
Bumble last traded at US$55.68 on the Nasdaq.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.