Grindr Still Wants to go Public: Chinese Company Behind Gay Dating App Says it Will Revive IPO Plan
Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it would revive plans for an initial public offering (IPO) of popular gay dating app Grindr Inc, after a U.S. national security panel dropped its opposition to the plan.
Kunlun said in May it had agreed to a request by the Committee on Foreign Investment in the United States (CFIUS) to sell Grindr, setting a June 2020 deadline to do so and putting preparations for an IPO of Grindr on hold.
A source familiar with the matter said on Monday that Kunlun‘s efforts to sell Grindr outright were continuing even as the IPO preparations were relaunched.
