What is Liftoff Mobile seeking in its IPO?

Liftoff Mobile is seeking a valuation of up to $5.17 billion and plans to raise as much as $762 million through its public offering.

When was Liftoff Mobile formed and who is behind it?

Liftoff was formed in 2021 through a merger and is part of Blackstone's portfolio.

What kind of services does Liftoff Mobile offer?

Liftoff Mobile provides marketing tools that help mobile app developers acquire users and scale their businesses, reaching approximately 1.4 billion daily active users globally.

Home / Business and Economy / Liftoff Aims High: $5.17B IPO Fuels Market Reopening

Liftoff Aims High: $5.17B IPO Fuels Market Reopening

30 Jan

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Summary

Liftoff seeks up to $5.17 billion valuation in its planned public debut.
The mobile app marketing firm aims to raise $762 million in its IPO.
Liftoff is part of Blackstone's portfolio and plans Nasdaq listing.

Liftoff Aims High: $5.17B IPO Fuels Market Reopening

Mobile app marketing firm Liftoff is poised to enter the public market, seeking a valuation of up to $5.17 billion. The company announced on Thursday its intention to raise as much as $762 million by offering 25.4 million shares within an expected price range of $26 to $30 per share. This move is anticipated to be a significant indicator for the broader US IPO market.

Liftoff's planned listing on the Nasdaq under the ticker symbol "LFTO" is backed by its parent company, Blackstone. This offering is part of a larger strategy by Blackstone to capitalize on improving market conditions and return capital to investors. The firm was established in 2021 through the merger of Liftoff and Vungle.