Liftoff Mobile IPO pass di range, raise $437M wit Blackstone backing

Liftoff Mobile IPO price pass wetin people dey expect. Di mobile advertising tech company sell 19 million shares for $23, wey higher pass dia $20–$22 target, raise $437 million and start trading for Nasdaq under ticker LFTO. Di deal value di firm about $3.83 billion. This na Liftoff Mobile second try. For February 2026, dem file for IPO to seek up to $762 million at $26–$30 per share, but dem commot am because software/tech sector knack. For di completed IPO, Blackstone still di majority owner, while General Atlantic get small stake. Goldman Sachs, Jefferies, and Morgan Stanley serve as underwriters. Liftoff dey run AI-driven platform wey connect app developers and advertisers. E don integrate with over 140,000 apps and reach about 1.4 billion daily active users (as of late 2025), dey help monetize ad inventory and drive user acquisition. For investors, wetin matter be say Liftoff Mobile IPO give lower-but-strong outcome compared to original plan, e give di company access to public market and fresh capital after earlier market-timing wahala.