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Grindr: Chinese parent company plans to list gay dating app
The Chinese owner of gay dating app Grindr plans to list the firm publicly after US authorities abandoned their opposition to the move.
Kunlun Group suspended plans for an initial public offering (IPO) last year due to US objections.
Kunlun bought a 61.5% stake in the app in 2016 from its US founders and took full control in 2018.
The US had reportedly expressed concern over Chinese ownership of the US-based firm.
In a statement to the Shenzhen stock exchange, Kunlun said it suspended plans to list Grindr in 2018 because of "communication" with the Committee on Foreign Investment in the United States (CFIUS).
The firm said CFIUS now had "no objection" to the listing, according to a translation of the statement.
CFIUS is a US government body that reviews the national security implications of foreign investments in US companies or operations.
US authorities had previously expressed concern, ac