Blackstone-backed Liftoff Mobile Inc. raised $437 million in its U.S. initial public offering. The company priced its shares at $23 each. This price exceeded the expected range of $20 to $22. The offering sold 19 million shares and values the company at approximately $3.83 billion.
This successful listing marks the company's second attempt to go public in 2026. Strong investor demand suggests a potentially improving environment for technology IPOs. Blackstone formed the entity in 2021 by merging Liftoff and Vungle.
Liftoff provides a platform for app developers to acquire users and monetize software. Shares begin trading June 4, 2026, on the Nasdaq Global Select Market. The company will trade under the ticker symbol LFTO.