Grindr looking to market flotation

The Chinese owner of gay dating app Grindr has pushed the button on plans for a stock market listing.

Beijing Kunlun Tech, which took full control of Grindr in January, said yesterday that its board had agreed plans for an overseas initial public offering (IPO). The money raised will be used to bankroll the app’s expansion, potentially in China. Los Angeles-based Grindr already has more than 27 million users.