Gay dating app Grindr plans to go public after Chinese parent gives go-ahead

Timing of listing dependent on conditions in the international capital market and approval from regulators

Yingzhi Yangin Beijing
Kunlun bought a 61.5 per cent stake in Grindr in 2016 at a valuation of US$155 million, and acquired the remaining shares for full ownership in January. Photo: Shutterstock

Grindr, the gay dating app owned by Chinese gaming company Kunlun Group, has received approval from its parent’s executive board for an overseas public listing.

The timing of the listing is dependent on conditions in the international capital market and progress of approval from domestic and overseas regulators, Kunlun said in a public filing on the Shenzhen stock exchange on Wednesday. While the executive board has approved the listing plan, it still needs approval by the shareholder board.

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