Social network Grindr going public at $2.1bn value

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. “Grindr is the leading platform focused on the LGBTQ+ community for digital connection and engagement,” said chief executive Jeff Bonforte. “Grindr is well positioned to be a public company and will continue to expand the ways it serves the LGBTQ+ community.” Grindr had an average of 1…

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