Bumble’s $1.1 Billion Shares Offering

Davis Polk advised the representatives of the several underwriters in the offering while Simpson Thacher advised Bumble Inc.

Bumble Inc. announced the approximately $1.1 billion SEC-registered offering by certain selling shareholders of 20,700,000 shares of Bumble’s Class A common stock, which included 2,700,000 shares from the full exercise of the underwriters’ option to purchase additional shares. Bumble is traded on the Nasdaq Global Select Market under the trading symbol “BMBL.”

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the representatives of the underwriters.

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. Bumble is a portfolio company of The Blackstone Group Inc.

The Davis Polk capital markets team included partner Byron B. Rooney (Picture) and associate Ariel Rivera. The intellectual property and technology transactions team included partner Frank J. Azzopardi, counsel Bonnie Chen and associates S. Dream Montgomery and Chelsea Renter. The tax team included partner Patrick E. Sigmon and associate Elina Khodorkovsky. Counsel Marcie A. Goldstein provided FINRA advice.

The Simpson Thacher team included Joshua Ford Bonnie, William Golden, Edgar Lewandowski, Katharine Thompson, Evan Hunt and Samantha Sergent (Capital Markets); Bradley Goldberg, 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).

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Bonnie Chen – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Elina Khodorkovsky – Davis Polk & Wardwell; S. Dream Montgomery – Davis Polk & Wardwell; Chelsea Renter – Davis Polk & Wardwell; Ariel Rivera – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Mimi Cheng – Simpson Thacher & Bartlett; Joshua Ford Bonnie – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Bradley Goldberg – Simpson Thacher & Bartlett; William Golden – Simpson Thacher & Bartlett; Stefan Golubovic – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Evan Hunt – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Edgar Lewandowski – Simpson Thacher & Bartlett; Caitlin Lucey – Simpson Thacher & Bartlett; Kate Mirino – Simpson Thacher & Bartlett; Jennifer Nadborny – Simpson Thacher & Bartlett; Caroline Phillips – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Samantha Sergent – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Katharine Thompson – Simpson Thacher & Bartlett; Amanda Weiss – Simpson Thacher & Bartlett; Guanxiong Xu – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Bumble; Citigroup Global Markets Ltd; Goldman Sachs & Co.;

Author: Martina Bellini