Gay dating app Grindr plans stock exchange listing

In a translation provided by the BBCthe filing added that once the Gay dating app Grindr plans stock exchange listing public offering IPO is complete, fresh funding will be devoted towards Grindr's expansion. Facebook Twitter Show more sharing options Share Close extra sharing options.

Privacy Policy. Grindr initially gained popularity in the United States before attracting users worldwide. Four workers fired from Google last week claim the company unfairly retaliated against them for organizing workers around social causes. The app's parent, Chinese company Kunlun Group, said in a stock exchange filing to the China Securities Regulatory Commission on Wednesday that the listing will take place overseas, but where and when would depend on regulatory approvals as well as conditions in capital markets.

Choose your subscription. All rights reserved. Search the FT Search. Kunlun Tech said it was eyeing a listing "outside mainland China" in it's latest filing. Or, if you are already a subscriber Sign in. Friday, December 6,

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  • Despite the app being owned by a group based in China, the app is not the most popular gay dating app in the country.
  • The Chinese parent company of the popular gay dating app Grindr on Tuesday said it will "restart" plans for a public listing after a US national security panel dropped its opposition to the move. US authorities had earlier raised concerns about the potential misuse of the app's data by the Chinese government after Beijing-based Kunlun Tech Co Ltd acquired it in
  • Keep abreast of significant corporate, financial and political developments around the world.
  • The U. Earlier this year, people in Washington familiar with the situation said CFIUS was pressuring Kunlun to sell Grindr over concerns that data gathered by the app on its more than 3 million daily users, who are mostly gay, bi, trans and queer men, could be used to blackmail Americans.
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Gay dating app Grindr plans stock exchange listing

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  • Aug 30,  · Gay dating app Grindr plans stock exchange listing Save The largest LGBTQ dating app in in the world is poised to list on the Shanghai Stock Exchange Credit: Image Source / Alamy. Jul 30,  · The Chinese owner of gay dating app Grindr plans to list the firm publicly after US authorities abandoned their opposition to the move. Kunlun Group suspended plans .
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  • Jul 30,  · The Chinese company that owns Grindr, the world’s most popular gay dating app, has revived a plan for a public stock offering after a U.S. national security panel dropped its Author: Yuan Yang. Grindr has over 27 million users globally and is a popular dating platform for lesbian, gay, bisexual and transgender people. Based in Los Angeles, Kunlun Group bought a percent stake in from the US founders and took full control in January in a $ million deal.. When the app was sold, the founder Joel Simkhai said: “I’m beyond proud of what we’ve built as a team and how Author: Safiya Bashir.
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  • Aug 30,  · Gay dating app Grindr is to list its shares on international stock exchanges, under a plan submitted by its Chinese parent company Kunlun . Jul 30,  · The Chinese parent company of gay social networking app Grindr has revived plans to go public after the US government abandoned its opposition to the plan. In a filing with the Shenzhen stock.
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  • Jul 30,  · The Chinese parent company of the popular gay dating app Grindr on Tuesday said it will "restart" plans for a public listing after a US national security panel dropped its opposition to the move. US authorities had earlier raised concerns about the potential misuse of the app's data by the Chinese. Aug 30,  · World’s most popular gay dating app Grindr to go public In a filing on the Shenzhen stock exchange, the company said that the board had unanimously approved a plan for the overseas listing Author: Camilla Hodgson.
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  • Gay social networking app Grindr has revealed plans for an initial public app in in the world is poised to list on the Shanghai Stock Exchange. LGBTQ dating app Grindr has reignited plans to list on the Kunlun Tech revealed plans to reignite a stock exchange listing and scrap efforts.
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