December 2, 2022

Homosexual relationship app Grindr soars on inventory market debut

Gay dating app Grindr soars on stock market debut

Gay dating app Grindr soars on stock market debut

Shares in homosexual relationship app Grindr shot up greater than 300 per cent in its public markets debut after finishing a merger with a particular goal acquisition firm, making it one of many few companies over the previous yr to have its inventory worth pop following a Spac deal.

Shortly after Grindr executives rang the bell on the New York Inventory Trade on Friday, the inventory leapt from a gap worth of $16.90 to $71.51.

The bounce was probably as a result of few shares have been being traded available on the market…

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