Grindr to Go Public with IPO

Grindr is going public, unlike all the discreet men who use the app.

Kunlun Group, the Chinese parent company that owns Grindr, announced yesterday that it will list its shares on the international stock exchange.

Kunlun originally bought 61.5% of the company back in 2016 for $93 million, and then took full control January of this year for $152 million.

BBC reports, "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."

It's unclear exactly what the Grindr expansion will entail, although we do know a "Kindr" Grindr is coming out September 19, which hopes to mitigate some of the extreme sizeism, femmephobia, and racism seen on the app.

Instead of paying to use the app, perhaps it's time to make some coins and invest in the company itself?