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Grindr Stock Surges on Take-Private Proposal from Insiders

Grindr Stock Surges on Take-Private Proposal from Insiders

Author:

Global Cryptocurrency

Published:

2025-10-24 22:21:02

15

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BTCCSquare news:

Grindr shares rallied as much as 22% after Chairman James Lu and billionaire board member Raymond Zage proposed taking the LGBTQ+ dating app private at $18 per share. The investors, who control over 60% of the company through affiliated entities, submitted a non-binding offer that could value Grindr at approximately $3 billion.

The platform, which went public in 2022 at a $2.1 billion valuation, has grown to nearly 15 million users since its 2020 acquisition from Chinese owners for $608 million. Market observers now debate whether the MOVE reflects strategic necessity or opportunistic timing as social media valuations fluctuate.

By:

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