China tech firm eyes IPO for gay dating app GRINDR...
from Drudge Report
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The Chinese parent company of the popular gay dating app Grindr on Tuesday said it will "restart" plans for a public listing after a US national security panel dropped its opposition to the move. US authorities had earlier raised concerns about the potential misuse of the app's data by the Chinese government after Beijing-based Kunlun Tech Co Ltd acquired it in 2018. The company had suspended earlier plans to list Grindr in 2018 after "communication" with the Committee on Foreign Investment in the United States (CFIUS), which reviews foreign investments deemed harmful to US national security, Kunlun Tech said in a filing with the Shenzhen Stock Exchange in southern China on Tuesday.