Simpson Thacher advised Bumble Inc. in connection with its initial public offering of Class A common stock, which raised total gross proceeds of approximately $2.5 billion. A total of 57,500,000 shares of Class A common stock were sold in the offering at a price to the public of $43 per share (including the full exercise by the underwriters of their option to purchase additional shares of Class A common stock). The Class A common stock began trading on the Nasdaq Global Select Market under the ticker symbol “BMBL” on February 11, 2021.
Bumble Inc., a leader in the fast-growing online dating space, is the parent company of Badoo and Bumble, two of the world’s highest-grossing dating apps with millions of users worldwide. 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, Edgar Lewandowski, William Golden, Katharine Thompson, Claire DiMario, Drake Carden, Evan Hunt, Samantha Sergent and Blake Delaplane (Capital Markets); Anthony Vernace, Mark Myott, Mark Underwood, Kira Shannahan and Estell Lee (M&A); Amanda Weiss and James Rapp (Public Company Advisory Practice); Gregory Grogan, Caitlin Lucey and Emily Manns (Executive Compensation and Employee Benefits); Andrew Purcell, Sophie Staples, Caroline Phillips and Stefan Golubovic (Tax); Melanie Jolson and Kate Mirino (Intellectual Property); Krista McManus (Real Estate); Alden Millard and Adam Moss (Credit); and Jennie Getsin (FINRA).