Bumble Reports Pricing Of Upsized Equity Offering By Blackstone At Discount

by Anusuya Lahiri, Benzinga Editor
September 10, 2021 6:20 AM | 1 min read |
  • 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.
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