Gay dating app Grindr to IPO — Kunlun Group
Business & Technology
Grindr is a gay dating app that launched in 2009 in West Hollywood, California. Grindr pioneered the use of mobile location services to allow users who are physically nearby to find each other — a feature that is now common to all dating apps.
- Beijing-based Kunlun Group bought 61.5 percent of the company in January 2016 for $93 million. It was Grindr’s first outside investment.
- Earlier this year, Kunlun took full control of the company. The headquarters remain in California.
- Now Kunlun has announced plans for Grindr’s initial public offering (IPO) in a filing to the Shenzhen stock exchange (in Chinese).
You read more about the Grindr IPO on the BBC, CNBC, and Bloomberg (porous paywall). Kunlun Group’s website is here.
