SEEKING ALPHA – Feb 2 – Bumble will offer 40M shares of stock at $28 to $30 apiece as part of its upcoming IPO, potentially valuing the company at ~$6B. Bumble expects to raise $332.4M if the offering prices at a midpoint of $29 a share. It intends to use the proceeds to pay off some $200M of debt and $21.3M of underwriting expenses, leaving $111.1M for general corporate purposes. Bumble said in the filing that it lost ~$84M during 2020's first nine months on $377M of revenue.
by Jerry Kronenberg
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