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Gay Dating App Blued Plans U.S. IPO at $1 Billion Value

  • Blued could raise about $200 million from proposed listing
  • Share sale by Chinese tech firm will likely take place in 2020

Blued, China’s largest gay-dating app, is planning a U.S. initial public offering that could raise about $200 million, according to people familiar with the matter.

The company has been meeting potential advisers about the proposed listing, the people said, asking not to be identified as the discussions are private. The share sale will likely take place next year and could value Blued at around $1 billion, the people said.