Benzinga | Sep 10, 2021 06:20AM EDT

Bumble Reports Pricing Of Upsized Equity Offering By Blackstone At Discount

* Online dating services company Bumble Inc (NASDAQ:BMBL) priced an offering of 18 million shares by certain selling stockholders affiliated with Blackstone Inc (NYSE: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.