San Francisco, Feb 11 : Dating app Bumble, backed by actor Priyanka Chopra Jonas, was expected to raise $2.15 billion in its IPO, at $43 per share, on Thursday.
Bumble has announced the pricing of its IPO of 50 million Class A shares at a revised price to the public of $43 per share.
The shares were set to trade on the Nasdaq Global Select Market on Thursday under the symbol “BMBL”.
The company with $8.2 billion market valuation earlier planned to sell 45 million shares for $37 to $39.
Bumble filed to go public in mid-January, and offered up its first price range on February 2.
Bumble said in a statement that it intends to use the proceeds from the issuance of 9 million shares to repay a portion of its senior secured term loan facilities and for general corporate purposes, and to bear the expenses of the offering.
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