Shares in Bumble Inc.
declined more than 7% in after-hours trading Thursday, following a disclosure that founder and Chief Executive Whitney Wolfe Herd will sell shares in a secondary offering that will also include investor Blackstone Inc. BX Wolfe Herd plans to sell 1.75 million of the 12.5 million shares offered, with the rest coming from Blackstone, which will also offer underwriters — including Blackstone itself — an additional 1.88 million shares if desired. Citigroup Inc. C and Goldman Sachs Group Inc.
declined more than 7% in after-hours trading Thursday, following a disclosure that founder and Chief Executive Whitney Wolfe Herd will sell shares in a secondary offering that will also include investor Blackstone Inc. BX Wolfe Herd plans to sell 1.75 million of the 12.5 million shares offered, with the rest coming from Blackstone, which will also offer underwriters — including Blackstone itself — an additional 1.88 million shares if desired. Citigroup Inc. C and Goldman Sachs Group Inc.