Market News

Grindr Shares Skyrocket upon Listing

Shares of dating app Grindr (NYSE:GRND) have skyrocketed upon listing today following its merger with Tiga Acquisition (NYSE:TINV), a SPAC.

After opening at $16.90 apiece, GRND shares made a high of $70 but have corrected to $50 levels since. This still indicates gains of nearly 160% at the time of writing.

Importantly, the LGBTQ-focused platform has seen more than 250 million daily messages last year and remains profitable.

In the first half of 2022, the company posted an adjusted EBITDA of $42 million on a top line of $90 million.

Upon going public, the company is now focusing on driving user growth, adding monetization streams, and global expansion.  

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More