Bumble (BMBL) IPO Opens 77% Higher
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Bumble Inc. Prices $2.2 Billion IPO
February 10, 2021 6:23 PM ESTAUSTIN, Texas, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Bumble Inc. announced today the pricing of its initial public offering of 50,000,000 shares of its Class A common stock at a price to the public of $43.00 per share. Bumble has granted the underwriters a 30-day option to purchase up to an additional 7,500,000 shares of Class A common stock. The shares are expected to begin trading on the Nasdaq Global Select Market on February 11, 2021 under the symbol BMBL.
Bumble intends to use the proceeds (net of underwriting discounts) from the issuance of 9 million shares to repay a portion of its senior secured... More
