Liftoff Mobile IPO: Liftoff Mobile is emerging as one of the latest test cases for the reopening of the US IPO market. The mobile app marketing company said on Thursday it is seeking a valuation of up to $5.17 billion in its planned public debut, as private equity firms move to capitalize on improving market conditions.
Matt Kennedy, senior strategist at Renaissance Capital said, "January and February are typically slower months, but an active start will still set the tone for the year," adding, "I don't think it's an exaggeration to call this the largest backlog of pre-IPO startups in at least two decades," as quoted by Reuters.
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The company plans to raise up to $762 million through its public offering.
What valuation is Liftoff targeting?
Liftoff is seeking a valuation of up to $5.17 billion.
Liftoff Mobile IPO: How Much the Blackstone-Backed Firm Plans to Raise in Its Nasdaq Listing
The California-based company plans to raise as much as $762 million by selling 25.4 million shares at an expected price range of $26 to $30 per share, as per a report. Liftoff is part of Blackstone’s portfolio and would be one of the firm’s newest listings as buyout groups look to return capital to investors.US IPO Market Shows Signs of Revival After Government Shutdown
After a slowdown last fall triggered by a historic US government shutdown, the IPO market has started to regain momentum. Bankers and investors expect capital markets activity to accelerate in 2026, supported by a large backlog of late-stage private companies preparing to go public.Matt Kennedy, senior strategist at Renaissance Capital said, "January and February are typically slower months, but an active start will still set the tone for the year," adding, "I don't think it's an exaggeration to call this the largest backlog of pre-IPO startups in at least two decades," as quoted by Reuters.
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LFTO Stock Update: Who’s Leading the Liftoff Mobile IPO
Liftoff plans to list its shares on the Nasdaq under the ticker symbol “LFTO,” with Goldman Sachs, Jefferies and Morgan Stanley serving as joint lead book-running managers.Liftoff and Vungle Merger Fuels Rapid Revenue Growth
The firm was formed in 2021 through the merger of Blackstone-owned companies Liftoff and Vungle. Since then, the company has expanded rapidly under CEO Jeremy Bondy, reporting a 40% jump in core advertising revenue in the nine months ended September 30.Liftoff’s Mobile App Marketing Business Model
The company provides marketing tools that help mobile app developers acquire users and scale their businesses. Its platform reaches roughly 1.4 billion daily active users worldwide. In 2025, Liftoff also attracted a minority investment from growth equity firm General Atlantic, which valued the company at $4.3 billion.Also read: Bitcoin price today falls to $84,000: Why $800 million was wiped out amid crypto market sell-off as tech stocks slide - will BTC USD crash to $80,000
Blackstone’s IPO Pipeline Grows as Listings Pick Up in 2026
The offering is part of a broader push by Blackstone, the world’s largest alternative asset manager, which is preparing one of its biggest IPO pipelines ever. Blackstone President Jon Gray said most of the firm’s IPO activity in 2026 is expected to be focused on corporate assets, largely in the United States, as per the Reuters report.FAQs
How much is Liftoff aiming to raise in its IPO?The company plans to raise up to $762 million through its public offering.
What valuation is Liftoff targeting?
Liftoff is seeking a valuation of up to $5.17 billion.
