Liftoff Mobile Prices Initial Public Offering at $23 per Share
Liftoff Announces Pricing of Initial Public Offering
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Liftoff Mobile, Inc., based in Redwood City, California, has announced the pricing of its initial public offering (IPO) at $23 per share, aiming to raise funds for debt repayment and corporate purposes. The offering includes 19 million shares, with an option for underwriters to purchase an additional 2.85 million shares. Trading is set to commence on Nasdaq on June 4, 2026.
- 01Liftoff plans to offer 19 million shares at $23 each, with an additional 2.85 million shares available to underwriters.
- 02The IPO proceeds will primarily be used to repay debts and cover general corporate expenses.
- 03Goldman Sachs, Jefferies, and Morgan Stanley are leading the underwriting process for the offering.
- 04Liftoff's shares will trade on the Nasdaq Global Select Market under the ticker symbol 'LFTO'.
- 05The offering is expected to close on June 5, 2026, pending customary closing conditions.
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Liftoff Mobile, Inc., a prominent player in performance marketing for the app economy, has set the price for its initial public offering (IPO) at $23 per share. The company plans to issue 19 million shares, with an additional 2.85 million shares available for underwriters to cover over-allotments. The IPO proceeds will be directed towards repaying outstanding debts under its senior secured term loan facility, with the remainder allocated for general corporate purposes. Liftoff's shares are expected to begin trading on the Nasdaq Global Select Market on June 4, 2026, under the ticker symbol
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The IPO may enhance Liftoff's financial stability and growth potential, benefiting its operations in Redwood City, California.
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