Grindr Shares Soar After SPAC Merger - The Wall Street Journal

Nov 18, 2022 · Shares of Grindr Inc. surged more than 400% to nearly $60 in morning trading after the LGBTQ-focused social network and dating app completed its merger with special …

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Grindr Shares Soar After SPAC Merger - The Wall Street Journal

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Nov 18, 2022 · Shares of Grindr Inc. surged more than 400% to nearly $60 in morning trading after the LGBTQ-focused social network and dating app completed its merger with special …

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Gay Dating App Grindr To Go Public In $2.1 Bln SPAC Deal

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May 10, 2022 · Grindr said its existing shareholders would own 78% of the company after the merger, which comes two years after China's Kunlun Tech Co 300418.SZ divested it for $620 …

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Grindr Lines Up A $2.1 Billion SPAC Deal Despite A Chilly ... - Forbes

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May 10, 2022 · Grindr, the dating app that focuses on the LGBTQ+ community, has agreed to go public by merging with a SPAC at a valuation of $2.1 billion, including debt. Grindr is getting …

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GRND Stock Alert: Grindr Surges After SPAC Merger

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Nov 18, 2022 · Currently, shares are up more than 200%. However, this LGBTQ dating app previously saw shares surge more than 400% around 11:00 a.m. Eastern. The highly …

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Grindr Finds Its Wall Street Match - Axios

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May 10, 2022 · Grindr's actual profit in 2021 was $5.1 million, up from a $13.1 million loss the year prior. The bottom line: Grindr first announced plans to go public back in 2018, when it was still …

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Grindr Is Going Public — What’s Behind The 2.1B Valuation?

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May 10, 2022 · The merger expects to raise $384 million in fresh capital, which Grindr will use to bolster its financial holdings and pay off debt. The combined entity will have a stock market …

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Grindr SPAC: Everything You Need To Know About Grindr Stock

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Jan 6, 2023 · Grindr is worth $0.89 billion as of January 6, 2023. Pre-SPAC Grindr was valued at $1.6 billion and aimed to reach a market cap of $2.1 billion after the merger with Tiga. …

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Grindr Stock: GRND Share Value Doubles As It Goes Public

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Nov 21, 2022 · GRND began trading on the New York Stock Exchange (NYSE) at $16.90 per share on Friday and by market close it's share price had more than doubled and leaped to a …

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Is Grindr Publicly Traded? Dating App Going Public With SPAC

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May 10, 2022 · Grindr’s valuation could be $2.1 billion after the SPAC merger. The dating app's valuation is expected to reach $2.1 billion based on the terms of the deal with Tiga Acquisition.

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FAQs about Grindr Shares Soar After SPAC Merger - The Wall Street Journal Coupon?

What happened to Grindr & SPAC in 2022?

Amid a slowdown in public offerings in 2022, one company has bucked that trend this week. Grindr, the LGBTQ+ dating app founded in 2009, merged with a special purpose acquisition company (SPAC) Friday on the New York Stock Exchange, with the stock surging as much as 493% around 11 am EST before falling and closing 214% higher at $36.50 per share. ...

What happened to GRND & SPAC?

The stock began trading under the ticker GRND on the New York Stock Exchange. Nearly all of the SPAC investors pulled their money out of the deal, as has become common for such mergers recently. That left few shares trading publicly, setting the stage for today's jump. ...

When does Grindr go public?

Grindr goes public on the New York Stock Exchange on November 18, 2022. The LGBTQ+ dating app went public on the New York Stock Exchange today through a merger with the special purpose vehicle Tiga Acquisition Corp. Shares surged by more than 200%, providing a massive—but possibly temporary—windfall for the firm’s investors. ...

Is Grindr a publicly traded company?

On Friday, LGBTQ+ dating app Grindr finally became a publicly traded company after it consummated its merger with Tiga Acquisition Corp. The stock made its debut on the New York Stock Exchange. ...

Why did Grindr stock jump to $71.51?

Shortly after Grindr executives rang the bell at the New York Stock Exchange on Friday, the stock leapt from an opening price of $16.90 to $71.51. The jump was likely because few shares were being traded on the market after 99 per cent of shareholders opted to redeem their investment in the Spac following the deal’s completion. ...

Why did Grindr's stock price surge on Friday?

Grindr's stock price surged on Friday in its first day under a new ticker following its merger with blank-check company Tiga. There was also a drag show outside of the New York Stock Exchange to celebrate the event, which Grindr's employees see as an indicator of how far financial services and society has come in regards to LGBTQ acceptance. ...