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Chinese gaming giant revives plans to IPO Grindr gay dating app
- Wednesday | 31st July, 2019
NG KONG/NEW YORK (Reuters) – 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. 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. A Grindr spokeswoman declined to share more information about the IPO plans. Kunlun’s control of Grindr has fuelled concerns among privacy advocates in the United States. Senators Edward Markey and Richard Blumenthal sent a letter to Grindr last year demanding answers about how the app would protect users’ privacy under its Chinese owner.
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