The executive board of Grindr's parent company has approved an initial public offering (IPO) for the popular gay dating app on international stock exchanges, reports BBC News.

The app, which was acquired in full by Chinese mobile gaming company Kunlun Group in 2017, will offer up shares overseas pending approval from Kunlun's shareholder board.

The company's board said in a public filing that going public would "strengthen" Grindr's competitiveness and promote the brand's expansion moving forward. No details on the timeframe or location for the IPO listing have been released.

Founded by Joel Simkhai in 2009 and currently headquartered in Los Angeles, Grindr boasts upwards of 3 million daily users and remains one of the most popular gay dating apps in the world. Notably, it's the second most popular app of its kind in China, falling behind the Beijing-based app Blued, which boasts more than 30 million users worldwide.

In 2017, Grindr expanded its brand to include Into, an online LGBTQ-interest magazine. But Simkhai officially left the company in January 2018, shortly after Kunlun Group finalized its complete takeover of the brand.

It hasn't been entirely smooth sailing for Grindr under its new ownership. A January 2018 article from The Washington Post interviewed U.S. intelligence experts, who expressed concerns that the app could be mining data from its millions of users for the Chinese government. VP of marketing Peter Sloterdyk insisted that Grindr's Chinese ownership doesn't negate its abidance by U.S. privacy laws, and that users’ privacy is a "top priority."