Bumble Reports Pricing Of Upsized Equity Offering By Blackstone At Discount

September 10, 2021 6:20 AM | 1 min read | Make a Comment

Online dating services company Bumble Inc BMBL priced an offering of 18 million shares by certain selling stockholders affiliated with Blackstone Inc BX at $54 per share to raise $972 million.
The offer price implies a 3.3% discount to Bumble's September 8 closing price of $55.84.
The shareholders previously planned to sell 15 million shares.
The underwriters have a 30-day option to purchase additional shares up to 2.7 million.
Bumble is not selling any shares and does not receive any of the proceeds.
The stock has lost 20.8% since its February IPO.
Price Action: BMBL shares traded lower by 0.50% at $55.40 in the premarket session on the last check Friday.