Bumble $313.5 million secondary offering
The shares are listed on the Nasdaq Global Select Market
Davis Polk advised the representatives of the several underwriters in connection with the $313.5 million SEC-registered offering by certain selling shareholders of Bumble Inc. of 13,750,000 shares of Bumble’s Class A common stock. Bumble is traded on the Nasdaq Global Select Market under the trading symbol “BMBL.”
Bumble Inc. is the parent company of Bumble, Badoo and Fruitz. The Bumble platform enables people to connect and build equitable and healthy relationships. Founded by CEO Whitney Wolfe Herd in 2014, Bumble was one of the first dating apps built with women at the center and connects people across dating (Bumble Date), friendship (Bumble BFF) and professional networking (Bumble Bizz). Badoo, which was founded in 2006, is one of the pioneers of web and mobile dating products. Fruitz, founded in 2017, encourages open and honest communication of dating intentions through playful fruit metaphors. Bumble is a portfolio company of the Blackstone Group Inc.
The Davis Polk capital markets team included partners Byron B. Rooney and Roshni Banker Cariello and associates Meaghan Kennedy and Benjamin Guillon. The intellectual property and technology transactions team included partners Frank J. Azzopardi and Matthew J. Bacal and associates S. Dream Montgomery and Lauren Nathan. The tax team included partner Patrick E. Sigmon and associate Michelle Zhao. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.