Liftoff Mobile (LFTO), a Blackstone-backed AI mobile advertising and app monetization platform, officially launched its initial public offering on the Nasdaq.
Key details of the offering include:
- Target Raise: The company plans to raise up to ($762) million.
- Share Price: Shares are being offered in a targeted range of ($26) to ($30).
- Valuation: The upper end of the price range yields a market valuation of approximately ($5.2) billion.
- Lead Underwriters: The IPO is being led by financial heavyweights including Goldman Sachs, Jefferies, and Morgan Stanley.
- The Offering: The company is selling 25.4 million shares to primarily pay down existing debt and fund broader corporate expansions, with private equity firm Blackstone retaining a majority ownership stake following the public listing.
- Company Profile: Headquartered in Redwood City, California, Liftoff connects marketers with 1.4 billion daily active users worldwide via its AI-driven Cortex platform. The company has experienced significant top-line growth, generating ($685.7) million in revenue in 2025.
- Recent Updates: While Liftoff briefly withdrew a registration plan due to volatile market conditions, the company swiftly refiled its S-1/A documents with the SEC to proceed with this high-demand listing.
For up-to-date SEC filings and prospectus details, track the official registration on the U.S. Securities and Exchange Commission database, or view market movements on the Nasdaq stock exchange portal once trading officially commences.
