Bumble Inc.’s BMBL, -2.15% shares fell 3.4% after hours to $55.78 after the dating app company said that an affiliate of Blackstone Inc. BX, 0.39% will offer the public 15 million shares of the company.
The Texas-based company said it will grant underwriters an optional 30 days to buy up to an additional 2.25 million shares in the secondary offering.
Bumble doesn’t intend to sell any of its shares and won’t receive proceeds from the sale. However, it will incur some costs associated with the sale, the company said.
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