Bumble Reports Pricing Of Upsized Equity Offering By Blackstone At Discount

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.