Blued International Inc. plans to go public in the U.S. via an initial public offering that could value the Chinese dating app at about $1 billion, Bloomberg News reported, citing people familiar with the matter.
The shares are expected to be listed in 2020 and could help the company raise about $200 million, the sources said. Sources added that Blued has been meeting potential advisers about the proposed IPO, but plans are still at an early stage and could change.
Blued reportedly has been eyeing a U.S. listing due to a simpler IPO process and deeper capital market.
Founded in 2012 by Geng Le, a former policeman, Blued provides dating services, offers live streaming and connects men who want to become parents with overseas surrogates.
