Grindr, the Gay Dating App, to Go Public in $2.1 Billion Deal

Grindr, the popular gay dating app, is set to go public in a $2.1 billion deal. The app, which has over 27 million users worldwide, has become a staple in the LGBTQ+ community and has revolutionized the way gay men meet and connect.

The decision to go public comes after a tumultuous few years for Grindr. In 2018, the app was acquired by Chinese gaming company Kunlun Group Limited, which sparked concerns about the safety and privacy of its users. The Committee on Foreign Investment in the United States (CFIUS) even intervened, forcing Kunlun to sell the app.

Now, Grindr is set to be acquired by San Vicente Acquisition Partners (SVAP), a special purpose acquisition company (SPAC) that will take the app public. The deal values Grindr at $2.1 billion and is expected to close in the fourth quarter of 2021.

For Grindr, going public is a significant milestone. The app has been at the forefront of the LGBTQ+ community for over a decade, providing a safe and inclusive space for gay men to connect. Its success has also paved the way for other LGBTQ+ dating apps, such as Scruff and Hornet.

However, going public also comes with its own set of challenges. Grindr will now be subject to the scrutiny of investors and shareholders, who will be looking for the app to continue its growth and profitability. This could lead to changes in the app’s business model or user experience, which could potentially alienate its core user base.

Despite these challenges, Grindr’s CEO, Chen Wei, is optimistic about the app’s future. In a statement, he said, “We are excited to partner with SVAP to take Grindr public and continue our mission to create a safe and inclusive space for the LGBTQ+ community. This is a significant milestone for our company and we look forward to the opportunities that lie ahead.”

Overall, Grindr’s decision to go public is a testament to the app’s success and impact on the LGBTQ+ community. As the app continues to evolve and grow, it will be interesting to see how it navigates the challenges of being a publicly traded company while staying true to its mission of providing a safe and inclusive space for gay men to connect.