Liftoff Mobile, a performance marketing and monetization solutions for apps and games, went public today at a $3.83 billion valuation.
The Blackstone-backed company raised $437 million. It listed its shares at the public offering price of $23 a share and issued 19 million shares of common stock. (Its registration is here). Liftoff has a lot of mobile game companies as customers.
The shares are expected to begin trading on the Nasdaq Global Select Market on June 4, 2026, under the ticker symbol “LFTO.” The offering is expected to close on June 5, 2026, subject to the satisfaction of customary closing conditions.
Liftoff has 878 demand-side customers who have 1.4 billion daily active users. It has 167,000 active SDK apps and high publisher retention. “The success of our advertisers’ games plays a significant role in maintaining and increasing our revenue,” the company said in its SEC filing.
In a statement, CEO Jeremy Bondy said, “Our mission is to ensure a developer in Istanbul and a Fortune 500 company in New York can both compete on what they build, not their ability to navigate millions of disconnected apps. We are the infrastructure that turns innovation into impact.”
Liftoff Mobile tried to go public earlier but pulled the deal on account of a tough IPO market. Now conditions have improved and it’s going out for sure this time.
Liftoff intends to use the proceeds (net of underwriting discounts and commissions) from the offering (including from any sales of shares pursuant to any exercise by the underwriters of their option to purchase an additional 2,850,000 shares) to repay outstanding indebtedness under its senior secured term loan facility and the remainder for general corporate purposes and to bear all of the expenses of the offering.
Investment funds affiliated with General Atlantic, L.P. (“General Atlantic”) have been allocated approximately 1,300,000 shares of common stock in the offering.
Goldman Sachs & Co. LLC, Jefferies and Morgan Stanley will act as joint lead book-running managers for the proposed offering.
Liftoff has filed a registration statement including a preliminary prospectus with the Securities and Exchange Commission.