Shares of Bumble Inc. BMBL, -3.11% fell 1.4% in premarket trading Friday, after the dating app said the size of the previously announced stock offering increased by 20%, and announced the pricing of the offering at $54.00 a share. The company said late Thursday that selling stockholders affiliated with Blackstone Inc. BX, -0.23% sold 18.0 million shares in the offering, up from 15.0 million when the offering was originally announced after the Sept. 7 close. The pricing of the offering represented a 3.0% discount to Thursday’s closing price of $55.68, and was 6.5% below the Sept. 7 close of $57.77. Bumble said it is not receiving any proceeds from the offering. Blackstone was Bumble’s sponsor as it went public in February. Bumble’s stock has rallied 16.7% over the past three months through Thursday, while the Renaissance IPO ETF IPO, +0.78% has climbed 10.2% and the S&P 500 SPX, +0.04% has gained 6.0%.
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