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Chinese Dating App Raises $84 Million - www.starobserver.com.au - China - USA
starobserver.com.au
29.08.2020

Chinese Dating App Raises $84 Million

Blued, China’s largest gay dating app has raised over $84.8 million  in its Nasdaq initial public offering and is now looking to consolidate its presence in the global LGBTQI market. To that end in August, it has also acquired Chinese lesbian dating app LESDO.Blued’s success and plans to expand the reach of its digital offerings come at a time when fellow Chinese app, the video sharing platform TikTok is facing pressure to sell its North American business to a US company.BlueCity, the company

Chinese-Owned Dating App Plans To Raise $85 million In US IPO - www.starobserver.com.au - China - USA
starobserver.com.au
07.07.2020

Chinese-Owned Dating App Plans To Raise $85 million In US IPO

Blued, which claims to be the world’s largest gay social network app, has announced plans for a US Initial Public Offering (IPO).Last week, China-based BlueCity Holdings in its filings with the Securities and Exchange Commission revealed that it plans to raise around $85 million in an IPO of American Depositary Shares (ADS).The IPO scheduled to hit the market on Wednesday July 8 is planning to sell 5.3 million ADS at a price of $15-$17 per ADS.With over 49 million registered users, as of March

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