- Bumble ( NASDAQ: BMBL ) on Thursday announced that certain selling stockholders affiliated with Blackstone and its founder, Whitney Wolfe Herd have commenced an underwritten public offering.
- The selling stockholders intend to offer 12.5 million shares of Bumble’s class A common stock.
- The selling stockholders also intends to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Bumble’s class A common stock.
- Bumble is not selling any shares of class A common stock in the offering and will not receive any of the proceeds from the sale.
- Bumble will bear the costs associated with the sale of such shares, other than the underwriting discounts.
- Citigroup and Goldman Sachs are acting as joint lead book-running managers and as representatives of the underwriters for the offering.
- Blackstone Securities Partners L.P. is acting as a co-manager for the offering.
- Press Release .
- Shares -5.1% at $23.29 after hours.
- Seeking Alpha contributor Fountainhead recently laid out a "Buy" case for BMBL .
For further details see:
Bumble announces secondary offering by Blackstone affiliate, company founder