AUSTIN, Texas, February 10, 2021 (GLOBE NEWSWIRE) – Bumble Inc. today announced the price of its initial public offering of 50,000,000 Class A common shares at a public price of $ 43.00 per share. Bumble gave subscribers a 30-day option to purchase up to 7,500,000 Class A common shares. Shares are expected to begin trading on the Nasdaq Global Select Market on February 11, 2021 under the symbol “BMBL”.
Bumble intends to use the proceeds (net of subscription discounts) from the issuance of 9 million shares to pay off part of its term credit lines with senior guarantee and for general corporate purposes, and to pay for the offering. Bumble intends to use the proceeds (net of subscription discounts) of issuing 41 million shares (or 48.5 million shares if subscribers fully exercise their option to purchase additional Class A common shares) to purchase or redeem an aggregate number equivalent to outstanding shares of certain entities affiliated with Blackstone. The offer is expected to close on February 16, 2021, subject to customary closing conditions.
Goldman Sachs & Co. LLC and Citigroup are acting as joint management managers and as representatives of the offer’s subscribers. Morgan Stanley and JP Morgan are acting as joint managers for the offering. Jefferies, RBC Capital Markets and Evercore ISI are acting as joint 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 are serving as co-managers of the offering.
The offer of these securities is being made only through a prospectus. When available, copies of the prospectus relating to the initial public offering may be obtained from: Goldman Sachs & Co. LLC, Attended: Prospectus Department, 200 West Street, New York, New York 10282, telephone: (866) -471-2526, facsimile: 212-902-9316, e-mail: [email protected]; or Citigroup Global Markets Inc., Attention: Prospectus Department, w / Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (800) 831-9146.
A registration statement relating to these securities has been filed and declared in effect by the Securities and Exchange Commission. This press release must not constitute an offer to sell or the solicitation of an offer to purchase, nor should there be any sale of such securities in any state or jurisdiction where such offer, solicitation or sale is illegal prior to registration or qualification under the laws of securities of any state or jurisdiction.
About Bumble
Bumble Inc. is the parent company of Badoo and Bumble, two of the highest grossing 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 developed 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 more than 600 people in offices in Austin, Barcelona, London and Moscow.
Forward Looking 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 like “perspective”, “believe (s)”, “wait (s)”, “potential”, “continue (s)”, “can,” “Will,” “Should,” “could,” “would,” “seek (s),” “forecast (s),” “intend (s),” “trends,” “plan (s),” “Estimate (s)” , “Anticipates”, “projection”, “will likely result” and / or the negative version of those words or other comparable words of a future or forward-looking nature. These forward-looking statements include any statements relating to the commencement of trading in Class A common shares of Bumble on the Nasdaq Global Select Market These forward-looking statements are subject to a number of risks and uncertainties. Consequently, there are or will be important factors that could cause actual results or results to differ materially from those stated in these statements. These factors include, but are not limited to those described in “Risk factors” in the region declaration Bumble stro regarding the initial public offering. These factors should not be interpreted as exhaustive and should be read in conjunction with the other warning statements included in the registration statement. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Source: Bumble Inc.
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