Grindr is Going Public — What’s Behind the 2.1B Valuation?

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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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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Social Network Grindr Going Public At $2.1 Billion Value

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May 10, 2022 · Social network Grindr 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 bill ... News. …

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Social Network Grindr Going Public At $2.1 Bn Value

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May 10, 2022 · 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.

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Social Network Grindr Going Public At $2.1bn Value | Business

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May 10, 2022 · 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.

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Grindr Is Going Public — What’s Behind The $2.1 Billion 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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Grindr Announces Plans To Go Public With Multibillion Valuation

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May 10, 2022 · Grindr is going public. ... Grindr's rollover equity will be valued at approximately $1.6 billion with an estimated post-transaction enterprise value of $2.1 billion. Grindr's existing …

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

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May 10, 2022 · As a public company, the social network will further its mission to bring members of the LGBTQ+ community together. ... Dating App Grindr to Go Public via $2.1B SPAC …

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Dating App Grindr Is Set To Go Public Via A De-SPAC Transaction …

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The combined company, which will be named Grindr Inc., is expected to have a post-transaction enterprise value of $2.1 billion. Cash proceeds raised will consist of TAC’s approximately $284 …

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Social Network Grindr Going Public At $2.1 Billion Value

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May 10, 2022 · Startups News: SAN FRANCISCO: Social network Grindr on Monday said it has hooked up with a special purpose acquisition company to become a publicly traded company va.

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Is Grindr Publicly Traded? Dating App Going Public With SPAC

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May 10, 2022 · The dating app's valuation is expected to reach $2.1 billion based on the terms of the deal with Tiga Acquisition. Grindr is expected to receive $284 million in cash from Tiga and …

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Social Network Grindr Going Public At $2.1B Value

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May 10, 2022 · 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 …

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

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May 9, 2022 · (Reuters) -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 …

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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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Geode Capital Management LLC Acquires 36,001 Shares Of Grindr …

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1 day ago · The company has a market capitalization of $3.17 billion, a PE ratio of -51.31 and a beta of 0.37. Grindr Inc. has a 1-year low of $7.93 and a 1-year high of $18.42. Grindr …

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FAQs about Grindr is Going Public — What’s Behind the 2.1B Valuation? Coupon?

How much is Grindr worth?

The combined entity will have a stock market value of $2.1 billion, including debt, Bloomberg reports. 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. It is predicting an increase of revenue growth between 35% and 40% for 2022. ...

What's going on with Grindr?

They're merging to form a combined entity with a $2.1 billion valuation, which will give Grindr access to $384 million in funds to be used for debt payments, as well as to support growth areas and to launch new endeavors. ...

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. ...

Is Grindr a publicly traded dating app?

"We have a near ubiquitous global brand in the community we serve, impressive scale, best-in-class user engagement metrics and adjusted EBITDA margin, and we’re still just beginning our monetization and growth journey." Grindr will join Match (Tinder owner) and Bumble as the primary publicly traded dating apps. ...

Will Grindr's sale of user data affect its future earnings?

It remains to be seen if a recent report that it sold user data would affect its future earnings: According to The Wall Street Journal, Grindr location data was for sale for at least three years, putting users' privacy at risk. It's merging with a blank check firm called Tiga. ...

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). ...