Premium Content:

Grindr will be floated on the stock exchange

You might have invested a lot of time into Grindr, but now you can also invest your savings into the company.

- Advertisement -

The Kunlun Group, the Chinese owners of the gay dating app, have announced plans to float the company on the stock exchange.

The company said listing the shares of the company on international stock exchanges would “strengthen” the company’s competitiveness and allow for further development of the platform.

It’s nine years since the geo-social mobile networking app was first launched. The phone app is now available in 192 countries around the world and is used by over 27 million people.

In January 2016 the US based company who developed the app sold a 61.5 per cent stake in the organisation to Chinese gaming company Beijing Kunlun Tech for $93 million. In January this year they paid an additional $152 million taking full ownership of the company.

In a public filing on the Shenzhen stock exchange, Kunlun Group said that after the initial public offering (IPO) was completed, financing arrangements would be made to support Grindr’s expansion.

OIP Staff


 

Latest

Teacher fired after being outed by his husband’s obituary

Mark Richards taught at the same school for over two decades.

On This Gay Day | Walt Whitman published Leaves of Grass

The poet's best-known work is also considered the clearest indication that Whitman was same sex attracted.

Tribunal rules E-Safety Commissioner’s attempt to protect Teddy Cook was not justified

The decision has been heralded as a win for free speech.

Revelation begins with ‘U Are the Universe’

It's a rare chance to see Ukrainian sci-fi about the potential end of the human race.

Newsletter

Don't miss

Teacher fired after being outed by his husband’s obituary

Mark Richards taught at the same school for over two decades.

On This Gay Day | Walt Whitman published Leaves of Grass

The poet's best-known work is also considered the clearest indication that Whitman was same sex attracted.

Tribunal rules E-Safety Commissioner’s attempt to protect Teddy Cook was not justified

The decision has been heralded as a win for free speech.

Revelation begins with ‘U Are the Universe’

It's a rare chance to see Ukrainian sci-fi about the potential end of the human race.

CinnefestOZ announced the four films competing for their $100,000 prize

Two WA made films are in the running for the big prize.

Teacher fired after being outed by his husband’s obituary

Mark Richards taught at the same school for over two decades.

On This Gay Day | Walt Whitman published Leaves of Grass

The poet's best-known work is also considered the clearest indication that Whitman was same sex attracted.

Tribunal rules E-Safety Commissioner’s attempt to protect Teddy Cook was not justified

The decision has been heralded as a win for free speech.