US Edition
Grindr Stock Surges 10% As Company Reportedly May Go Private
Majority owners Raymond Zage and James Lu seek to take Grindr private after a 26% share price drop led to Temasek seizing pledged shares last week.
- On October 13, 2025, Raymond Zage and James Lu are discussing taking Grindr private and negotiating debt financing with Fortress Investment Group to fund the acquisition.
- A Temasek unit seized and sold pledged shares last week after loans tied to the owners' holdings became undercollateralized, as Zage and Lu had pledged nearly all their shares as collateral.
- Market reaction was swift, with shares jumped more than 10% after the report, as Zage and Lu discussed a buyout price of around $15 per share, valuing Grindr at about $3 billion.
- Raymond Zage last month surpassed 50% ownership of Grindr, and with James Lu controls more than 60% while pledging nearly all shares, concentrating risk amid national-security scrutiny.
- Growing scrutiny combines strong Q2 profits with a fraught ownership past as Grindr's shares lost about 26% this year despite profits up 25% in the second quarter.
12 Articles
12 Articles
Dating App Grindr Explores Go-Private Deal Amid Share Slump: Report
Insiders at dating app Grindr are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people familiar with the matter.
Grindr’s owners may take it private after a financial squeeze
Grindr’s majority owners are scrambling to take the LGBTQ+ dating app private after a stock decline triggered a personal financial crisis, according to a report from Semafor. The owners in question are Raymond Zage, a former hedge fund manager and U.S. expat now based in Singapore, and James Lu, a Chinese-American entrepreneur and former Amazon and Baidu exec. Together they led the 2020 acquisition of Grindr from Chinese ownership for over $600 …
Channel News Asia
InvezzDating app Grindr explores go-private deal, Semafor reports
Insiders at dating app Grindr are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people familiar with the matter.Grindr shares jumped more than 10 per cent following the report. They have lost about 26 per cent so
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