Liftoff Mobile (LFTO) a platform that helps mobile apps attract users and generate revenue, closed its initial public offering of 21.85 million shares at $23 each, including the full exercise of the underwriters' overallotment option.
Net proceeds will be used to repay outstanding debt under a senior secured term loan facility and for general corporate purposes, Blackstone-backed (BX) Liftoff said Friday in a statement.
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