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Veralam
2021-04-15

Comment and like please:’)

KKR-backed AppLovin raises $2 billion in IPO -source

U.S. mobile app and gaming company AppLovin Corp sold shares in its initial public offering (IPO) at

KKR-backed AppLovin raises $2 billion in IPO -source

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Stevesiah
·2021-04-15
Yay
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- skyes:
  like and comment pls
  2021-04-15
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- Stevesiah:
  Reply n like pls
  2021-04-15
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It had set an IPO target range of $75 to $85 per share.</p>\n<p>The IPO values AppLovin at $28.6 billion.</p>\n<p>The source requested not to be identified ahead of an official announcement. AppLovin did not immediately respond to a request for comment.</p>\n<p>The Palo Alto, California-based company is the latest player in the mobile gaming industry to eye a stock market listing, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.</p>\n<p>In the past 12 months, the likes of Playtika Holding Corp, Roblox Corp and Unity Software Inc have gone public.</p>\n<p>The IPO represents a big windfall for KKR, which acquired a minority stake in AppLovin in 2018 for $400 million, in a deal which valued the company at $2 billion.</p>\n<p>AppLovin abandoned plans to sell itself to Chinese buyout firm Orient Hontai Capital in 2017. 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