Liftoff Mobile Inc., a Blackstone-backed company, raises $437 million in a US initial public offering in its second attempt to go public this year. The offering is priced above the range initially marketed to investors, according to Bloomberg reports. In its trading debut, Liftoff shares open and rise, with reported gains varying by outlet: one report cites a 21% increase, while another notes a 9.1% rise. The company’s IPO follows an earlier effort that did not succeed, and the revived transaction attracts market attention as Liftoff begins trading on US markets. In additional coverage, the company’s CEO, Jeremy Bondy, discusses the IPO and broader business strategy and advertising approach during an appearance on Bloomberg’s “Open Interest.” Across the reports, the consistent elements are the deal size, the above-range pricing, the second-attempt timing, and early share performance after the listing. The sources do not provide additional details on financial results or guidance beyond the IPO terms and trading debut moves.
Blackstone-Backed Liftoff Mobile Raises $437 Million in US IPO
Liftoff Mobile Inc., a Blackstone-backed company, raises $437 million in a US initial public offering in its second attempt to go public this year. The offering is priced above the range initially mar...
- Liftoff Mobile Inc., backed by Blackstone, completes a US IPO raising $437 million.
- The IPO is priced above the company’s marketed price range.
- It is the company’s second attempt to go public this year.
- Liftoff shares rise in their trading debut, with reported gains of 9.1% and 21% depending on the measurement point.
- CEO Jeremy Bondy discusses the IPO and company strategy and advertising approach on Bloomberg programming.
Liftoff Mobile CEO Jeremy Bondy discusses the company's IPO and strategy on "Bloomberg Open Interest." Shares in Liftoff, a Blackstone-backed company, climbed 21% in their debut after raising $437 million in the company’s second attempt at going public this year. (Source: Bloomberg)
2 months agoLiftoff Mobile Inc. shares climbed 9.1% in their debut after raising $437 million in a US initial public offering, in the company’s second attempt at going public this year.
2 months agoLiftoff Mobile Inc. raised $437 million in a US initial public offering that priced above its marketed range, in the company’s second attempt at going public this year.
2 months ago
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