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BMBL / Bumble stock falls as CEO, Blackstone plan to sell shares

Shares in Bumble Inc. BMBL, +0.68% declined more than 7% in after-hours trading Thursday, following a disclosure that founder and Chief Executive Whitney Wolfe Herd will sell shares in a secondary offering that will also include investor Blackstone Inc. BX, -0.80% Wolfe Herd plans to sell 1.75 million of the 12.5 million shares offered, with the rest coming from Blackstone, which will also offer underwriters — including Blackstone itself — an additional 1.88 million shares if desired. Citigroup Inc. C, -0.19% and Goldman Sachs Group Inc. GS, +0.83% were also listed as underwriters of the deal in a filing with the Securities and Exchange Commission. Read More

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Posted: Mar 2 2023, 16:57

Author Name: Market Watch

BMBL News

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