China’s Beijing Kunlun to revisit Grindr IPO plan after US national security panel drops opposition

//China’s Beijing Kunlun to revisit Grindr IPO plan after US national security panel drops opposition

China’s Beijing Kunlun to revisit Grindr IPO plan after US national security panel drops opposition

Chinese gaming company Beijing Kunlun Tech Co said on Monday it would revive plans for an initial public offering (IPO) of popular gay dating app Grindr, after a US national security panel dropped its opposition to the plan.Kunlun said in May it had agreed to a request by the Committee on Foreign Investment in the United States (CFIUS) to sell Grindr, setting a June 2020 deadline to do so and putting preparations for an IPO of Grindr on hold.A source familiar with the matter said on Monday that…

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By | 2019-07-30T02:20:51+00:00 July 30th, 2019|Headlines|Comments Off on China’s Beijing Kunlun to revisit Grindr IPO plan after US national security panel drops opposition