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    BMBL   US12047B1052

BUMBLE INC.

(BMBL)
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Bumble Inc :. Announces Secondary Offering of Shares of Class A Common Stock

09/07/2021 | 04:10pm EST

AUSTIN, Texas, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Bumble Inc. (Nasdaq: BMBL) (“Bumble”) announced today that certain selling stockholders affiliated with Blackstone Inc. (the “Selling Stockholders”) have commenced an underwritten public offering of 15,000,000 shares of Bumble’s Class A common stock pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”). Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 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.

Goldman Sachs & Co. LLC and Citigroup are acting as joint lead book-running managers and as representatives of the underwriters for the offering.

The proposed offering of these securities will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to this offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: (866)-471-2526, facsimile: 212-902-9316, email: prospectus-ny@ny-email.gs.com; or Citigroup Global Markets Inc., Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (800) 831-9146, email: prospectus@citi.com.

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Bumble

Bumble Inc. is the parent company of Bumble and Badoo, two of the world’s highest-grossing dating apps with millions of users worldwide. The Bumble platform enables 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 built 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 over 800 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 by the use of words such as “outlook,” “believe(s),” “expect(s),” “potential,” “continue(s),” “may,” “will,” “should,” “could,” “would,” “seek(s),” “predict(s),” “intend(s),” “trends,” “plan(s),” “estimate(s),” “anticipates,” “projection,” “will likely result” and or the negative version of these words or other comparable words of a future or forward-looking nature. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Risk Factors” in Bumble’s registration statement relating to the offering and “Item 1A. Risk Factors” in Bumble’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the SEC, as such factors may be updated from time to time in Bumble’s periodic filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Bumble’s filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Source: Bumble Inc.

Investor Contact

ir@team.bumble.com

Media Contact

press@team.bumble.com


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Source: Bumble Inc.

2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 768 M - -
Net income 2021 314 M - -
Net Debt 2021 334 M - -
P/E ratio 2021 20,9x
Yield 2021 -
Capitalization 4 428 M 4 428 M -
EV / Sales 2021 6,20x
EV / Sales 2022 4,85x
Nbr of Employees 700
Free-Float 99,4%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 34,26 $
Average target price 58,07 $
Spread / Average Target 69,5%
EPS Revisions
Managers and Directors
Whitney Wolfe Herd Chief Executive Officer & Director
Tariq M. Shaukat President
Anuradha B. Subramanian Chief Financial Officer
Ann Mather Chairman
Laura Franco Chief Legal & Compliance Officer
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