Key facts
- Liftoff Mobile priced its IPO at $23 per share.
- The company raised $437 million in its US initial public offering.
- Liftoff Mobile shares rose 9.1% in their debut.
- Liftoff Mobile's common stock is expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "LIFT".
Liftoff Mobile Inc. shares climbed 9.1% in their debut after raising $437 million in a US initial public offering. This marks the company's second attempt at going public this year. The IPO was priced at $23 per share. Investors are analyzing Liftoff's business model and growth potential against AppLovin's performance, drawing comparisons to AppLovin's successful market debut.