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Bangkok Post
Bangkok Post
Business

THE TRUTH ABOUT: Social network grindr going public at 2 1bn value | History Defined

Gay dating and social networking platform Grindr says it will use some $384 million raised by going public to expand and improve its service.

SAN FRANCISCO: Social network Grindr on Monday said it has hooked up with a special purpose acquisition company to become a publicly traded company valued, out of the gate, at $2.1 billion.

Los Angeles-based Grindr expected to raise $384 million when it combines with Tiga Acquisition Corp and becomes Grindr Inc.

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