Simpson Thacher represented Bumble Inc. in connection with a secondary offering of Class A common stock by selling stockholders affiliated with Blackstone Inc. The offering of 20,700,000 shares of Bumble Inc. Class A common stock, which included the full exercise of the underwriters’ option to purchase 2,700,000 additional shares, raised approximately $1.1 billion in gross proceeds, with the selling stockholders receiving all of the proceeds from the offering.
Bumble Inc. (Nasdaq: BMBL) is the parent company of Badoo and Bumble, 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.
The Simpson Thacher team included Joshua Ford Bonnie, William Golden, Edgar Lewandowski, Katharine Thompson, Evan Hunt and Samantha Sergent (Capital Markets); Jennifer Nadborny and Amanda Weiss (Public Company Advisory Practice); Mimi Cheng (Credit); Gregory Grogan, Caitlin Lucey and Guanxiong Xu (Executive Compensation and Employee Benefits); Andrew Purcell, Sophie Staples, Caroline Phillips and Stefan Golubovic (Tax); Melanie Jolson and Kate Mirino (Intellectual Property); and Jennie Getsin (FINRA).