Liftoff Mobile (LFTO.US) Sets IPO Price Range at $26-$30, Aims to Raise $711 Million with 140K Integrated Apps and 1.4B Daily Active Users

Stock News01-30

Liftoff Mobile (LFTO.US), a provider of AI-powered advertising and monetization software for mobile applications, disclosed the terms of its initial public offering (IPO) on Thursday. The Redwood City, California-based company intends to raise $711 million by offering 25.4 million shares, with a price range set between $26 and $30 per share. Based on the midpoint of this price range, Liftoff Mobile's fully diluted market valuation would reach $5.5 billion.

Formed by the 2021 merger of Liftoff and Vungle, Liftoff Mobile offers an AI-driven platform that assists mobile app advertisers and publishers with user acquisition and ad monetization across various verticals, including social media, finance, entertainment, and gaming. As of September 30, 2025, its software development kit (SDK) has been integrated into more than 140,000 applications, reaching approximately 1.4 billion daily active users globally and serving over 1,000 marketers worldwide.

Founded in 2011, Liftoff Mobile plans to list on the Nasdaq under the ticker symbol "LFTO." Goldman Sachs, Jefferies, Morgan Stanley, Barclays, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, William Blair, Cantor Fitzgerald, Deutsche Bank, PJT Partners, Nomura, BTIG, Needham & Co., and Raymond James are acting as joint book-running managers for the offering. Pricing is expected to occur during the week of February 2, 2026.

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