Chinese company Kunlun Group filed for an initial public offering (IPO) for its dating app Grindr to the China Securities Regulatory Commission to be listed on an international stock exchange, BBC reported on Thursday. However, the company did not provide additional details on where the IPO will take place since it will depend on the general condition of capital markets.
The app was developed in the United States and launched in 2009. Its headquarters remain in Los Angeles even after Kunlun bought a 61.5% stake on 2016 in a deal worth $93 million. The dating app that primarily targets the members of the LGBT community had more than 4.2 million monthly users in 2016 alone. Dating apps have been gaining in popularity over the past couple of years, especially in Europe and North America
