Grindr to go public in $2.1 billion SPAC deal - The Economic Times

May 10, 2022 · The deal values Grindr at 27 times its adjusted 2021 earnings before interest, taxes, depreciation and amortization of $77 million. By comparison, shares of dating app peers …

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Grindr To Go Public In $2.1 Billion SPAC Deal - The Economic Times

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May 10, 2022 · The deal values Grindr at 27 times its adjusted 2021 earnings before interest, taxes, depreciation and amortization of $77 million. By comparison, shares of dating app peers …

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

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May 9, 2022 · Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion and features Tiga Investments …

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Gay Dating App Grindr To Go Public In $2.1bn Spac Deal

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May 10, 2022 · Merger comes two years after Kunlun Tech divested it due to national security concerns

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Grindr’s $2.1bn IPO Via SPAC - MergerSight Group

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Dec 15, 2022 · Grindr has announced it has agreed to go public through a merger with Tiga Acquisition Corp, a Spac set up by Ashish Gupta in 2020. The deal will give the LGBTQ+ …

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

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May 10, 2022 · According to “the world’s largest social networking app for gay, bi, trans, and queer people,” Grindr’s revenue was $147 million in 2021, a 30% increase from 2020.

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Dating App Grindr To Go Public Via $2.1B SPAC Merger

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May 10, 2022 · The company announced Monday its definitive agreement to merge with Tiga Acquisition Corp., a special purpose acquisition company (SPAC). Upon completing the …

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

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May 10, 2022 · Tiga Acquisition Corp, the Singapore-based special purpose acquisition company (SPAC) that will merge with Grindr, is controlled by Zage. Under the deal, Grindr will receive …

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Grindr Going Public Via SPAC Deal - Dot.LA

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May 9, 2022 · Queer dating app Grindr is planning to go public by merging with a Singapore-based blank-check company in a deal that would value the company at roughly $2.1 billion. …

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

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May 10, 2022 · Gay dating app Grindr to go public in $2.1 billion SPAC deal ... The deal values Grindr at 27 times its adjusted 2021 earnings before interest, taxes, depreciation and …

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

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May 10, 2022 · Economic news. Gay Dating App Grindr to Go Public in $2.1 Billion SPAC Deal. Gurutrade May 10, 2022 at 7:10 PM 662 (Reuters) - Gay dating app Grindr said on Monday it …

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Grindr To Go Public In $2.1 Billion Deal : R/stocks - Reddit

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Grindr, the #1 social network for the LGBTQ+ community, today announced that it has entered into a definitive agreement to merge with Tiga Acquisition Corp. (NYSE: TINV) (“TAC”), a …

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Hudson-Bergen Light Rail To Get New Operator In Major $1.5 …

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Dec 4, 2024 · ACI-Herzog JV has been awarded a $1.5 billion contract to operate and maintain New Jersey’s Hudson-Bergen Light Rail system. ... Hudson-Bergen Light Rail to Get New …

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FAQs about Grindr to go public in $2.1 billion SPAC deal - The Economic Times Coupon?

Will Grindr merge with a SPAC?

Grindr said Monday it will merge with a SPAC dubbed Tiga Acquisition Corp. The deal values the LGBTQ+ dating app at a total enterprise value of $2.1 billion post transaction closing. The SPAC merger - which is expected to close in the second half of the year — will raise $384 million in total funds for Grindr. ...

How much money will the SPAC merger raise for Grindr?

The SPAC merger - which is expected to close in the second half of the year — will raise $384 million in total funds for Grindr. “Grindr is the leading platform focused on the LGBTQ+ community for digital connection and engagement," Grindr CEO Jeff Bonforte said in a statement. ...

Is Grindr ready to be a public company?

Grindr, based in West Hollywood, California, had been approached by a half-dozen SPACs prior to entering into the agreement with Tiga, Chief Financial Officer Gary Hsueh said in an interview. “From our perspective, we’re ready to be a public company,” he said. ...

Does Grindr have a good story to pitch to investors?

Grindr will join Match (Tinder owner) and Bumble as the primary publicly traded dating apps. And it appears to have a solid story to pitch to investors. According to the company's investor presentation, Grindr had $147 million in sales in 2021 and $77 million in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). ...

How much will Grindr get from Tiga Acquisition Corp?

The app will receive $384mn in proceeds as part of the transaction announced Monday with Tiga Acquisition Corp, a Spac set up by Ashish Gupta in 2020. A significant chunk of that sum will be used to pay down Grindr’s debt. ...

Is Grindr getting ready for its Wall Street closeup?

Grindr is getting ready for its Wall Street closeup. It’s the largest SPAC deal announced in more than three months, a rare multibillion-dollar move in a once red-hot market that’s gone cold due to regulatory scrutiny, investor skepticism and a growing track record of underperformance. ...