Liftoff Mobile IPO raises $437 million, valued at $3.83B

Liftoff Mobile, a mobile advertising and monetization platform, has completed its initial public offering, raising $437 million and achieving a market valuation of approximately $3.83 billion. The company’s shares began trading on the Nasdaq on June 4 under the ticker symbol LFTO.

The offering priced at $23 per share, above the marketed range of $20 to $22. A total of 19 million shares were sold, with the offering expected to close on June 5. Proceeds will primarily be used to repay outstanding debt, with the remainder allocated for general corporate purposes and offering-related expenses.

This successful debut follows a previous attempt to go public earlier this year, which was postponed and withdrawn. The company’s current public valuation of $3.83 billion is below a prior private valuation of $4.3 billion from 2025. Investment funds affiliated with General Atlantic were allocated approximately 1.3 million shares in the offering. Goldman Sachs, Jefferies, and Morgan Stanley served as the joint lead bookrunning managers.

Founded in 2012 and headquartered in Redwood City, California, Liftoff provides mobile app developers with tools for user acquisition, advertising, and...