Gay dating app Grindr is to list its shares on
international stock exchanges, under a plan
submitted by its Chinese parent company Kunlun
Kunlun Group’s board said that going public
would “strengthen” Grindr’s competitiveness and
help the business continue to develop.
The Chinese tech firm originally bought a 61.5%
stake in 2016 from the company’s US founders.
It then took full control in January.
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
Apps ‘least preferred’ way to meet people
Grindr, which is based in Los Angeles, is a hugely
popular dating network for lesbian, gay, bisexual
and transgender people, with over 27 million
users globally as of 2017.
It is free to use, with optional subscription plans
for additional premium features.
Grindr was the first gay social networking app on
the iTunes App Store and is currently available in
192 countries, although its user base is primarily
located in developed countries in Europe and
The app was founded in March 2009 by Joel
Simkhai, an Israeli immigrant to the US who grew
up in Mamaroneck, in the state of New York.
Mr Simkhai originally created Grindr as a way to
help people find others with similar interests
using geolocation data, but it quickly gained
popularity in the gay community through word of
mouth and articles in the media.
In January 2016, Kunlun Group bought a 61.5%
stake in Grindr for $93m (£71.4m), before
purchasing the remaining shares in January this
year for $152m.
When Kunlun Group took full control of the
company, Mr Simkhai, Grindr’s chief executive left
Despite being owned by a Chinese firm, Grindr is
not the number one gay dating app in China. That
position is held by Beijing-based app Blued, which
claims to have 40 million users worldwide.
According to research from US investment bank
Piper Jaffray, the most popular dating apps used
by straight single millennials are Tinder, Bumble