#United States #NASDAQ #Redwood City #IPO #Liftoff Mobile

Liftoff Mobile, Inc. Announces IPO Pricing

Liftoff Mobile, Inc. has made an important announcement regarding its initial public offering (IPO), revealing the pricing details that will impact its stock debut. The Redwood City-based company, known for its innovative approach to performance marketing and monetization solutions in the app economy, has set the offering price at $23.00 per share. This strategic decision follows the allocation of 19,000,000 shares in this significant transition to a public company.

Details of the Offering

On June 4, 2026, Liftoff’s shares will officially begin trading on the Nasdaq Global Select Market under the ticker symbol LFTO. The company has also provided underwriters with a 30-day option to purchase up to an additional 2,850,000 shares, designed to accommodate over-allotments at the IPO price, minus any underwriting discounts and commissions. This move signifies Liftoff's strong position and confidence in the current market.

The anticipated closing date for this offering is set for June 5, 2026, contingent upon fulfilling the customary closing conditions required for such transactions.

Allocation and Use of Proceeds

The funds raised from this IPO will primarily be utilized to manage the company’s existing senior secured term loan, ensuring that financial obligations are met promptly. Any remaining proceeds will be directed towards general corporate purposes and cover all related expenses incurred during the IPO process.

Investment groups associated with General Atlantic, L.P. are expected to receive approximately 1,300,000 shares of common stock from this offering, reinforcing the strategic partnerships within Liftoff’s financial ecosystem. Key financial institutions, including Goldman Sachs, Jefferies, and Morgan Stanley, have been appointed as joint lead book-running managers for this venture, complemented by a wide range of co-managers such as Barclays and UBS Investment Bank.

Preparing Investors for the Future

As the IPO date approaches, potential investors are encouraged to review the preliminary prospectus filed with the Securities and Exchange Commission (SEC). This crucial document offers extensive insights about Liftoff Mobile, the structure of the offering, and the projected financial trajectory of the company. Interested parties can access the prospectus through the SEC’s EDGAR database or may contact the underwriters directly for further information.

It is important to note that this press release does not constitute an offer to sell or solicit an offer to buy any securities. Liftoff's management urges potential investors to perform due diligence and evaluate all information presented before making investment decisions.

Looking Ahead with Liftoff

Founded in 2012, Liftoff Mobile has positioned itself as a frontrunner in the mobile app marketing landscape. Its AI-driven platform, Cortex, integrates various facets of marketing and monetization strategies to not only enhance measurable performance across app lifecycle stages but also support both advertisers and app publishers in recognizing profitable growth.

With this IPO, Liftoff aims to accelerate its growth trajectory and continue contributing to the evolving app economy, consolidating its role as a pivotal player in the performance marketing domain. By prioritizing advanced monetization technologies, Liftoff is poised to maximize revenue opportunities for its diverse global clientele, spanning sectors from gaming to consumer applications.

As the IPO approaches, all eyes are on Liftoff as it navigates through this transformative phase, promising to deliver value not only to its shareholders but also to the entire mobile app industry. Investors and tech enthusiasts alike will be keen to witness Liftoff's journey as a publicly traded entity, heralding new opportunities and innovations in the near future.